I’m going to tell you something.
I don’t hate credit cards.
As long as you follow the golden rule of paying off your credit card every month, I’ve got no beef with credit cards.
There are also some fun perks to having a credit card like earning “points” (yeah, yeah I know no one ever got rich off points, but they are still fun to spend) and establishing credit worthiness (depends on your definition of “fun,” I suppose).
But wait, there’s more.
People don’t usually believe me when I tell them the following because it’s sort of weird. Often times (depends on who you go through) your card agreement will provide you with additional protections and benefits that you probably weren’t expecting.
I’ll give you some examples from mine – the USAA World MasterCard (no endorsement intended):
- Rental Coverage – Pays for covered damages (physical damage and theft) to a rental vehicle.
- Extended Warranty – Doubles the original manufacturer’s or store brand warranty for up to one year.
- Price Protection – Should you find a lower price for a new item within 120 days from the date of purchase you may be reimbursed for the price difference.
- Worldwide Automatic Travel Accident, Baggage Delay & Trip Cancellation/ Interruption Insurance – This one is kind of lengthy, but I’ll give you my favorite highlight: You, your spouse or domestic partner and unmarried dependent children will be automatically insured against accidental loss
while riding as a passenger in, entering or exiting any licensed common carrier.
- The full Benefit Amount of $500,000 is payable for accidental loss of life, two or more members, sight of both eyes, speech and hearing or any combination thereof.
- One half of the Benefit Amount is payable for accidental loss of: one member, sight of one eye, speech or hearing.
- One quarter of the Benefit Amount is payable for the accidental loss of the thumb and index finger of the same hand.
I don’t know about you but I travel easy (as easy as one can travel with two monsters under 3) knowing that my digits are covered. And if you’re wondering, I have been able to successfully use a few of these benefits.
I dare you to go and actually read your credit card agreement. I wanna hear if there was anything on there that you weren’t expecting.