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| Credit Card Features |
While we are overwhelmed with reward programmes and bills that come with credit card usage, there are extremely useful features that you might want to take a look at since they often help people to save and protect themselves against unprecedented events.
Credit Card Insurance: This is a much-sorted feature that people often do not notice. Credit card providers often have special insurances free- of charge with the usage of the card. This may be personal accidental insurance, travel insurance, and sometimes a life cover. Now, we are aware that people already have travel insurance when they are booking a flight. But one can always take advantage of a backup option. Whether it is a delayed flight or loss of baggage, it always is essential that you have some excess or buffer amount. Also, when it comes to personal accident insurance, we often do not invest in this product thinking that car insurance is sufficient. But it is not, since your life and health are important, and personal accidental insurance offered by some cards helps to take care of yourself.
Purchase Protection Plans: This is basically for people who are making purchases for expensive products, such as electronics, furniture or home appliances. It often happens that when you buy a product you pay an amount, and within a few days, you see that someone else is offering the same product at a lower price. In such a case the credit card company or bank will pay the difference so that you always are able to make intelligent purchases. This not helps to always ensure that you are never fooled by retailers and dealers but you make a saving in a way since you make a purchase that is lower than your budget for that product. A lot of credit cards offer this option and it is absolutely worth it if your card offers it. This feature tends to be present in shopping or high-end international cards.
0% Balance Transfer: This is a comparatively new concept where you can transfer your credit card bill from one credit card to another. Some banks offer you low-interest rates in such cases. But a handful of banks in Malaysia offer your 0% interest rate to help you get rid of your credit card debt conveniently. Now, it is essential to check for the processing fee since it is often high and might have a negative effect. However, knowing that most card interest rates are as high as 18% even a lower interest rate of 7% without processing fees might just ease out the pressure you are having to deal with. This feature is so vital and useful for people that people often choose a card based on this option.
Airport Lounge Access: We are well aware of this feature by now but the main thing is to check how many accesses are available and whether the food and beverage offered at the lounge along with other services such as wi-fi are completely free of charge or not. A lot of cards simply offer discounts instead of free lounge accesses. Also, some airports may not give this access based on your card. The most prevalent lounge franchisee at an airport is Plaza lounges. Almost all major airports in the world have these lounges. Meals may not be offered all the time, but there are always beverages available along with cereals and milk.
There are new perks and features always available to people to make the customer experience for a credit card more satisfactory. Make the most of these features.
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