General

I’m going to talk to you today about the advantages of having a credit card. I believe having a credit card is a good idea.

The first advantage of owning a credit card is building credit . Using credit cards correctly can help you accumulate credit. The reason is simple. As long as you use a credit card, your credit history will be updated every month, and good usage behavior will increase your credit history month by month. If you have a good credit history, it will be helpful to purchase your future house, get car loans and also while job hunting.

The second positive reason to having a credit card are the reward programs. There are additional benefits for credit cards. For the same amount of money, the debit card does not have any additional benefits. If you use your credit card to buy goods, you can basically get a 1-year extended warranty . You can use some credit cards to rent a car. If you bring your own car rental insurance you don’t have to pay extra money at the car rental agency.

Another benefit is protection against credit card fraud. As a new Canadian ,this is very important. You know , I don’t speak English perfectly, and I may get scammed ,so I have credit card protection to help me get my money back if something happens.

So, in conclusion, you can see that there are a lot of advantages to having a credit card. I think it is a good idea to explore all the credit card options you have and choose one that is right for you.