Credit Card: 8 Times When Using It Is More beneficial Than Debit Card

According to Finance Investment Companies in Delhi, India the most impressive benefit that credit cards bring with them is the purchase and fraud protection facility that they bring with them. However, you would be impressed to know that there are certain situations when it’s smarter to use a credit card than a debit card.

Here’s the list of these 8 types of purchases that where using a credit card over debit card would be more beneficial:

Online Purchases:

While making an online purchase you've to be highly aware of not sharing your debit card details with a less established company who do not have a full proof security back up. It’s better to be overly cautious and use credit card over debit card!

Flights:

It’s recommendable that you use a credit card with built-in travel protection when booking flight tickets as you never know when something would come up.

Items from Small Vendors:

If you’re at a restaurant, at a food festival or buying from a vendor that accept cards, don’t forget to use a credit card over a debit card as it will provide you with the safety required while shopping with less established outlets.

Car Rentals:

Credit cards also offer rental car insurance, which will cover you in most situations. Also, if you use a debit card, it’s likely that you may have to put down a large deposit.

A Hotel Room:

Using a debit card for booking a hotel room may deduct a large amount of money asking you to cover things like damage to the room, room service, or other incidental purchases. Hence, using a credit card would prove to be highly profitable in this case.

Purchase Made Over the Phone:

Any purchase that is expected to arrive in the future should be made with a credit card. This is so because there’s always the chance that the stuff may not be able to make up to your doorstep.

Products Offering Warranties:

Many credit cards offer extended warranty policies that will cover your electronic and other goods beyond the manufacturer’s warranty, and the card offer is usually a better deal.

Big Ticket Items:

If you’re in the market for a new washing machine or a laptop, make the purchase with credit card. According to Finance Investment Companies in Delhi, India the purchase protection will come in handy if something ever goes wrong with the item.