2023-06-15 06:09:06
Almost without realizing it, we are immersed in the month of June, which could mean the starting signal for our well-deserved summer vacation.
It is the “desired” time of year to rest and enjoy everything we cannot do without vacations.
Time to prepare to travel, disconnect and recharge batteries in that dream place throughout the year.
We will check the state of our car, we will buy a new swimsuit and perhaps we will resume reading that forgotten book.
In the current situation, do not forget review the “status” of our credit card, whether we carry it in our wallet or on our mobile phone.
It can help us on more than one occasion in the face of some unexpected setback on vacation.
The first thing we have to know is the credit limit which we have at the time of beginning our vacations on the credit card.
Exist a limit available and a drawn card balance.
We need to know what will be the limit available at the time of starting our vacation.
That available amount will be we can use to make payments for the purchases we make.
Let’s not forget to have a sufficient balance in the checking account at the end of the month, the commissions and late-payment interest that they would charge us would be very upsetting.
The first advantage that we would highlight of using a credit card during the vacation period is that we will not need to carry money with us.
Since the pandemic, the use of cash has decreased, we are getting used to paying even for coffee.
Credit cards are accepted in most of the establishments we can go to.
There are credit cards with discounts at gas stations, in supermarkets, cards that accumulate points, etc.
Let’s take advantage of these types of credit cards.
With this type of credit card we can save, since surely we will have to fill the tank of our car with gasoline a couple of times during the holidays and perhaps we will also have to go to the supermarket to buy.
If we are going to go on a trip abroad, let’s check what the free insurance who has our credit card.
Some credit cards can take accident insurance or lost luggage insurance when paying with them.
There are many advantages that credit cards entail if we use them well and from which we can benefit during our vacations.
But let’s not forget that, if we do not use it correctly, it can lead to serious financial problems.
Do not forget that, in the end, we will always have to pay for what we purchased with our credit card.
Caution if we decide to defer the payments made during the holidays, the interest rate of the deferral can become very high.
And be careful with those. “quick loans” that our bank may be offering us, remember that the current situation does not invite us to borrow more.
Let us be aware in the use of this means of payment, of the advantages and disadvantages of the credit card.
Oh, and happy holidays…
#Vacations #credit #card