Credit cards are one of the most powerful tools in your financial arsenal. They can help you build credit, earn valuable rewards, and more. But they’re also useful in other ways, too—they can help you get out of a jam when cash is tight or prevent you from running into trouble with vendors that don’t accept debit cards. You’ll find your answers here if you are wondering whether you should process credit card applications. Here’s how to use your credit card in some everyday situations so that it’s always there for you when you need it most:
Retail Stores
Many think that the transaction is completed on the spot when they go to a store and pay with their credit card. However, this is different. When you purchase using your credit card, whether in person or online, the money for your purchase is transferred from your account at the end of each day. However, you’ll still be able to buy things even if you don’t have enough money in your bank account due to this “float.”
This means that as long as you’re getting paid on time and keeping up with payments on all of your accounts (including student loans), there’s no reason why you can’t use them wherever they may be accepted!
Self-Service Kiosks
There are a lot of places you can use your credit card, and the list continues to grow. Self-service kiosks are on it! If you’re traveling, these kiosks allow you to buy tickets for trains, buses, and other forms of transportation. They also have a variety of other options available. You can even purchase movie tickets through them!
Consumer Service Providers
You can use your credit card to pay for utilities, Internet and cable services, gym memberships and rent. You should also consider using your credit card to pay for insurance premiums and tuition fees.
Restaurants
Restaurants are one of the most popular places to use a credit card. Most establishments accept them, and if you’re traveling overseas, it’s a good idea to have one handy. However, some restaurants only accept cash payments, so check before you sit down.
Additionally, some restaurants will only allow you to pay by debit card, while others will only accept gift cards or prepaid credit cards as payment methods.
Gas Stations
Gas stations are a good place to use your credit card. They’re convenient and easy to use, because they accept credit cards for all types of transactions—from filling up the tank to buying snacks inside.
Most gas stations accept payment by debit or credit card at their pump islands, or they’ll have an attendant who will come outside and help you with your purchase. You must check with the station before you go there, in case they’ve made some changes recently (like switching from cash only to accepting PayPal). Also, just so you know, “You don’t need a bank account to apply for the credit card,” says SoFi experts.
Mobile Wallets and Apps
Mobile wallets and apps are convenient ways to pay for things. You can use mobile wallets to make purchases in stores, restaurants and online. They’re more secure than traditional credit cards because you don’t have to hand over your card as often physically. Some even allow you to pay for items with your debit card or using cash from a bank account, which is helpful if you’re traveling abroad or want to avoid carrying too much plastic.
