Credit cards can help you enjoy more purchasing power and allow you to build your credit score. However, they can also get you in trouble. The increasing cost of living across the globe has also led to higher dependency on credit cards. Consumers use credit cards to fill the gap between their income and their expenses.

One of the repercussions of a bad breakup is that your ex-partner or ex-spouse may covertly use your credit card information, which may adversely affect your credit history. Also, if you have a joint account with your ex, the risks of your credit getting damaged would be higher and you may end paying huge bills.

A credit card is one of the easiest tools to navigate your finances through this economy. With different rewards and lucrative deals on offer, credit cards have made it simpler to make purchases and increase your credit score as well. If used carefully, there is a lot of things you can do with your credit card.

Set up in the year 1974, the Fair Credit Billing Act was enacted to provide security to consumers and to protect them from unfair credit card practices. Ever since then, this act has helped to solve a number of credit card disputes and have helped consumers get a fair verdict to reclaim their hard-earned money.

It is common knowledge that credit cards make it quite easy to make purchases and pay bills, especially when you don’t have sufficient balance in your bank account. Also, you must have learned from your parents that credit cards help to increase your credit score. Maybe, you also know that credit cards make it easy to get approvals for loans and mortgages.

One of the biggest benefits of using a credit card is the reward points. When you have spent the money, you can enjoy cashing the rewards. Every credit card company offers a range of rewards for customers. You will have a wide selection of products within the card’s program, and you can make the most of your rewards by buying exactly what you want.