If you’d like to buy something online, there are now more ways to pay than ever before.
Online payment services are promoted as being faster and easier to use than credit cards.
For most online purchases, however, credit cards are actually still a better option.
Credit card companies can charge a high rate of interest and make considerable profit doing so.
But, this allows them to offer various perks not found with other payment methods.
Advanced Payment Protection
Online payment services,such as PayPal, offer varying levels of payment protection.
Some offer none at all.
Others require you to open a dispute and then wait for the payment service provider to investigate.
Credit cards offer superior payment protection.
Victims of scams are often refunded immediately after contacting their provider.
Credit card providers are known for siding with their customers rather than retailers.
Many credit card providers also have automated systems in place to detect fraud before you are aware of it.
Purchase Protection
Credit card providers often offer protection on the items that you purchase.
Some credit cards also offer price protection.
It’s important to note that purchase protection offers vary by provider.
Credit card warranties typically apply to goods with manufacturer warranties.
Extended warranties are often available on electronics, household goods, and furniture.
They are particularly useful on large purchases which are expensive to repair.
If your debit card number is stolen, a thief can quickly empty your bank account.
If yourcredit card number is stolen, a thief can only access your line of credit.
Online shoppers should be careful what sites they order from and ideally, use antivirus software.
Grace Periods
If you’re purchasing a monthly service online, paying by credit card offers an important advantage.
Provided you pay it off within 30 days, there is no charge.
Cashback Offers
The credit card industry is highly competitive and most providers offer some level of cashback.
Other Rewards and Perks
Credit cards are available with a wide range of different reward programs.
Credit cards, however, also have programs which allow you to collect points for use on other purchases.
This includes restaurants, groceries, and gas.
It’s important to note that credit cards only improve credit if payment is made on time.
It is very possible to use a credit card and actually harm your credit score.
While credit is obviously their primary selling point, they are also the ideal payment method for shopping online.
Unlike debit cards, a credit card isn’t connected to your bank account.
This makes them significantly safer to use online because any fraudulent payments won’t affect your bank balance.
Credit cards offer superior payment protection to online wallets, making them ideal for large purchases.
They also provide cashback, rewards, and extended warranties not found with any other payment method.
Alternatively, there are other digital payment methods you’ve got the option to use.
