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10 hidden Credit Card perks you probably didnt know about Money News

Here are some of the features that you might not know about:

Unclaimed Benefits

  • Introductory Offers: Many credit cards offer introductory offers that provide a higher interest rate or a lower interest rate for a specific period. These offers can be a great way to save money on interest charges. Purchase Protection: Some credit cards offer purchase protection, which can provide a refund or replacement if your item is lost, stolen, or damaged. Travel Insurance: Many credit cards offer travel insurance, which can provide coverage for trip cancellations, medical emergencies, and other travel-related issues. ## Additional Features**
  • Additional Features

  • Credit Score Tracking: Many credit cards offer credit score tracking, which can help you monitor your credit score and identify areas for improvement.

    Redeeming credit card points before they expire can save you money and avoid financial losses.

    The Importance of Redeeming Credit Card Points

    Credit card points can be a valuable resource for frequent travelers, foodies, and shoppers. However, many users neglect to redeem them, leaving them with a pile of unused points that expire over time.

    Protecting Cardholders from International Fraud with Real-Time Monitoring and Control.

    The Importance of International Transaction Control

    International transaction control is a vital feature that helps prevent fraud and ensures the security of card transactions. With the increasing use of contactless payments and virtual cards, it’s essential to have this feature enabled to protect cardholders from potential risks.

    Benefits of International Transaction Control

  • Reduces the risk of card skimming
  • Prevents unauthorized international transactions
  • Enhances the security of contactless payments
  • Provides a safer online transaction experience
  • How International Transaction Control Works

    International transaction control works by monitoring and controlling international transactions in real-time. This feature is enabled by the card issuer and is usually set to a specific threshold or limit.

    These benefits can be valuable for frequent travelers.

    The Benefits of Transferring a High Outstanding Balance to Another Credit Card

    Transferring a high outstanding balance to another credit card can be a strategic move for individuals looking to manage their debt and save money on interest charges. This process involves moving the balance from one credit card to another, often with a lower interest rate for a limited period.

    Understanding the Process

  • The process typically involves contacting the new credit card issuer and requesting a balance transfer. The issuer will review the applicant’s creditworthiness and may require a minimum credit score. The balance transfer fee, which can range from 3% to 5% of the transferred amount, is usually charged by the new credit card issuer.

    These services can be used to book fuel-efficient cars, arrange for fuel deliveries, or even schedule appointments at fuel stations.

    The Benefits of Using a Credit Card for Fuel Purchases

    Understanding the Fuel Surcharge Waiver

    Many credit cards offer a 1% fuel surcharge waiver at petrol pumps. This means that if you use a credit card to pay for fuel, you can get a refund of 1% of the fuel cost. For example, if you fill up your car with petrol that costs $50, you can get a refund of $0.50. This can add up to significant savings over time, especially for frequent car users. The amount of the refund varies depending on the credit card issuer and the type of fuel purchased. Some credit cards may also offer other benefits, such as discounts on fuel purchases or rewards points. It’s essential to check the terms and conditions of your credit card to understand the fuel surcharge waiver policy.

    Premium Credit Card Benefits

    Premium credit cards often provide concierge services that can be used to book fuel-efficient cars, arrange for fuel deliveries, or even schedule appointments at fuel stations. These services can be a significant advantage for frequent car users who need to travel long distances or have specific fuel requirements. Some premium credit cards may also offer other benefits, such as travel insurance, airport lounge access, or exclusive events.

    However, if not managed properly, they can lead to overspending and debt.

    The Benefits of Credit Cards with Add-On Cards

    Credit cards with add-on cards offer a range of benefits, including:

  • Convenience: Add-on cards can be used for everyday purchases, making it easier to manage family expenses. Budgeting: With multiple cards, you can track spending and set budgets for each family member. Rewards: Many credit cards offer rewards programs that can be redeemed for cash, travel, or other perks.

    Insurance benefits can provide financial protection during unexpected events.

    However, it’s essential to understand the terms and conditions of these benefits to avoid any potential pitfalls.

    Understanding the Insurance Benefits of Credit Cards

    When it comes to credit cards, insurance benefits can be a valuable addition to your financial safety net. These benefits can provide peace of mind during unexpected events, such as accidents, travel disruptions, or even the loss of your card.

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