Unlock the credit card benefits you’re not using, but should!

When you get a new credit card, it’s easy to get caught up in the excitement of earning rewards or gaining access to a new line of credit. 

However, many cardholders miss out on a range of credit card benefits that could help them save money, enhance security, and simplify their financial life. If you find yourself using your card just to make everyday purchases without tapping into its full potential, you’re likely missing out.

Make your credit card work harder for you

1. Cashback and reward programs

Many credit cards offer cashback on purchases, yet some cardholders fail to maximize this benefit. For example, while some cards offer flat-rate cashback, others give higher rates for specific categories like dining, groceries, or gas. 

If you’ve never taken the time to review the fine print of your card’s rewards program, you may be leaving money on the table. To make the most out of cashback or points, categorize your spending and pick a card that rewards you the most in areas where you spend the most. 

2. Purchase protection

Did you know that your credit card might offer protection on purchases you make? This can include extended warranties or even return protection for items you buy. 

In some cases, if an item breaks shortly after purchase or you can’t return it to the store, your card may cover the cost or provide a replacement. It could save you a headache (and money) down the road.

Next time you make a significant purchase, check if you’re covered under any protection programs. It could save you a headache (and money) down the road.

3. Travel benefits

If you travel often, your credit card may offer a suite of travel-related credit card benefits that you’re overlooking. These could range from access to airport lounges to travel insurance for trips that are canceled or delayed. Many travel-focused cards also offer benefits like baggage delay coverage or no foreign transaction fees, which can be especially valuable when traveling abroad.

4. Fraud protection

Credit cards are equipped with strong fraud protection features, but not everyone takes full advantage of them. Many cards offer zero-liability protection, which means you’re not responsible for fraudulent charges if your card is lost or stolen. In addition, some credit cards also provide alerts for suspicious activities on your account, helping you catch fraud early.

To make sure you’re protected, enable account alerts and regularly monitor your transactions. This simple habit can give you peace of mind and prevent potential financial losses.

5. Travel and emergency assistance

You may not be aware that many credit cards offer emergency assistance while traveling. This includes things like emergency medical referrals, legal assistance, and even help with lost luggage. These services can be a lifesaver in difficult situations, especially when you’re in an unfamiliar place.

Take the time to explore your card’s features

Credit cards can offer a wide range of benefits beyond simply making purchases. From cashback and rewards to enhanced protection and travel perks, many features go unnoticed by cardholders. There’s a good chance you’re missing out on something that could make your financial life easier. 

So, go ahead and dive into the details of your credit card’s offerings. By understanding and actively using them, you can make smarter financial decisions and might be surprised at what you’ve been overlooking!

Written by

Ellen Redatora