Credit cards are often seen merely as a way to make payments for things while simultaneously building credit. While you can use your lines of credit for these purposes, you’re likely missing out on several awesome perks that come with having a credit card.
From travel points to cash back, there are many benefits that you should be taking advantage of. The rewards available to you really depend on the exact plan you’re enrolled in, but there are some pretty common benefits that several companies offer.
Hidden Perks of Having a Credit Card
Choosing the right credit card can be hard, but there are several great perks that you may be able to take advantage of if you have good credit. If you don’t, there are several methods people swear by in order to improve credit, one of which is paying off debt using the avalanche method. Once you raise your score, you can take advantage of these great perks:
One of the benefits that some credit card companies are offering is discounts on select streaming services. If you’re already paying for streaming services, finding a credit card that offers discounts on the expense is a double win. Not only do you get a cut on the price, but if you pay the tab with the credit card, it will add to your positive payment history.
With everyone’s busy lives, it’s understandable that a drive-thru or food delivery service are the go-to choices once in a while. Several credit cards offer dining perks, which could include free or discounted subscriptions to food delivery platforms or credits on your statement.
Rental Car Insurance
If you travel via rental car frequently, you know how expensive that insurance add-on can be. With credit cards such as Chase Sapphire Reserve and Chase Sapphire Preferred, to name a few, you don’t have to worry about this added expense. Whether you’re in an accident or your rental car is stolen, this perk can have you covered.
Many hotels include free continental breakfast at the price of the booking, but this isn’t always guaranteed. If you stay in hotels regularly and rely on the free breakfast while traveling, it can definitely be disappointing to find that the lodging you chose doesn’t offer a complimentary breakfast with your stay. With a hotel credit card, it could be guaranteed. Hotel perks may include:
- Daily breakfast for two
- Checkouts as late as 4 p.m.
- Possible room upgrades
- Free wifi
When it comes to flying, it’s not uncommon to hear about people being displeased with added fees that airlines tack on. Using a travel credit card is a great choice because it can make your flight cheaper and more enjoyable in several ways. Delta SkyMiles offers cardholders several great benefits, including 1 free checked bag per person on your reservation, access to the Delta Sky Club, and mileage boosts.
One of the more surprising credit card perks is discounts and free tickets to museums, theme parks, and other establishments that offer entertainment for the whole family. Getting in for free or at a discounted rate can free up money so you can get souvenirs or grab lunch during your visit.