benefits of credit cards?

Question

can any one guide me what are the benefits of credit card and hoiw to earn money from these cards. i dont want to go to debits.

i have got no percent 12 months balance transfer and purchases. i have no balance to transfer and dont want to shop either. i got cards may be there are ways to make money from them.

mudassar

Answer 1

some cards have rewards associated with them for every purchase that you make.

The best and easiest benefit of a credit card (without going into debt, of course) is that they boost your credit report. The easiest way to do this is to obtain one credit card for gas and only gas and fill up your car regularly. When the bill comes, pay it in full immediately to bring your balance down to zero again. You will not accrue interest and the only thing you may have to pay in addition to what you bought in gas is some sort of annual/monthly fee.

Answer 2

NONE!!!

The Truth About Credit Card Debt

Myth: Aren't there positive uses of a credit card? Like rebates and airline miles?
Truth: Responsible use of a credit card does not exist. Credit card debt is a major problem in America.

There is NO positive side to credit card use. You will spend more if you use credit cards. Even by paying the bills on time, you are not beating the system! But most families don't pay on time. The average family today carries $8,000 in credit card debt according to the American Bankers' Association.

Now let's talk about the rebates. If you were using a credit card at 5%, you would have had to have spent $80,000 to get $4,000 rebates on new cars that lost $6,000 of value when you drove them off the lot. That is not a good deal!

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Answer 3

You won't actually make money from credit cards. They are mostly a convenience.

Some cards offer rewards, including cash back, based on the amount you charge.

Also if you don't use the credit card at all, the company will eventually close the account. Probably within a year for a new account that has never been used.

Answer 4

you can get some good credit cards with low apr and some reward programs and then buy the necessary things with this card and pay the bills on time. You can also try some reward cards they are good. All these will make your credit good.
To know more you can visit
http://www.creditcardbiz.blogspot.com

Answer 5

confident you will. even once you're a "transactor" and pay off your card charges on the top of each and every months for the the remainder of your existence, agencies will nonetheless make a small earnings - its noted as "interchange". once you purchase a $one hundred merchandise - the provider provider receives only approximately $ninety 8.00 - ninety 8.50 - the stability of $a million.50 - $2.00 is going to the financial company - so as that they make a earnings from you in the path of the provider provider. for sure they are going to make extra in case you "revolve" and pay pastime - yet they have others which will do this - so do no longer hardship!