Why do you like your plastic?
Credit cards are part of everyday life in Dubai. Some use it for the sheer convenience, while others use it to get extra benefits. Read on to know more.
Lure of freebies and cashback
I find credit cards to be quite convenient because they help in easy transactions and helps me easily take care of my expenses such as utility, grocery, entertainment, shopping bills, etc. Also, some cards offer freebies, tie-ups with other brands and cashbacks, so that's an added advantage.
Cushion for purchases
Credit cards are a great way to get extra protection on your purchases and possibly even reward points such as frequent flier miles, etc. Plus, they are of great help in the time of emergencies, when you might not have enough cash in hand. Banks in Dubai offer a number of exciting offers to make sure you make the most out of your credit card.
Ease of paying bills
The ease of swiping a credit card for a purchase has its pros and cons. It helps when handled properly but I have been very careful to not overuse it because of the debt trap it could lead to. Currently, I make use of it to pay my utility bills on time every month.
A perfect travel companion
I make the best use of my credit card when I am travelling abroad as it is much better to use cards than carry cash around everywhere. Also, I use them for online shopping and to purchase luxury or household items, which I can pay off through monthly instalments.
Putting credit to disciplined use
Credit cards help me keep track of my purchases, closely review monthly statements and helps me plan and stick to a budget so that I avoid overspending. I make it a point to pay off my credit card balances at the end of the month in order to avoid any late fees or overcharges. It's a great tool when used correctly.