Mastering the Advantages of Credit Cards for the Ultimate Adventure

Learn how to make the most out of your options


Life is all about new experiences, adventures…and figuring out how to afford it all. When you think about how you’re going to pay for things, a credit card may be part of the equation. Credit cards offer plenty of options and conveniences. But they can also seem a little bit intimidating. So how do you bank on the advantages of credit cards without maxing out your budget?

You’re Ready to Take on the World, and a Credit Card Can Help You Along the Way

Expenses are simply a part of life, and you have options for how to pay for things. But by paying for things like bills and groceries with your credit card, you may be able to earn some rewards in the process.

 

Choose the Reward Type that Fits

If new cities and distant lands are constantly calling your name, a travel rewards card may be the way to go. That way, your purchases can earn travel miles to help you fly away to your next adventure. However, if some extra money in your wallet is more your thing, a card that earns cash back could be right for you.

Just remember, earning rewards is awesome, but not at the expense of running up a high balance in the process.

Your Card Can Go—and Grow—With You

Over time, when you use your credit card responsibly, your credit score may begin to climb, and your credit limit can increase. As you travel down life’s path, your card may help you avoid things like currency exchange fees. Plus, credit cards can keep you from being held liable if your card is used fraudulently.

Just Don’t Forget the Payments

Putting things on a credit card can be great, but what if you can’t pay it down afterward? That’s where responsible use and financial sense come in. When setting a budget with a credit card, it’s recommended to stick to a monthly spending limit. When possible, pay more than just the minimum payment on your card and keep your balance as low as possible.

At the same time, consider putting money aside for an emergency fund—or an impulse trip or purchase. Spending money on things you like is fun, as long as you really can afford them.

Get a Card that Shares Your Digital Savviness

In this digital world, shouldn’t your credit card be able to keep up? The benefits of some credit cards include a wide range of digital access. That means being able to monitor your account on your time, which could literally be any time. And if you’re bad with remembering payment dates? Easy. Autopay. Automatic success.

Put the Score in Your Favor

good credit score can help you save money by getting you better deals on things like car loans, or maybe even a house (when you’re ready). The earlier you start responsibly using a credit card, the more time you have to build up your credit history, which could make for a higher score.

There you have it. Whether you’re trying to travel the world or save up for your first home, life’s an adventure. When you understand the advantages of credit cards, you can plan for today, tomorrow and the unexpected.


We hope that you found this helpful. Our content is not intended to provide legal, investment, or financial advice or to indicate the Capital One product or service is available or right for you. For specific advice about your unique circumstances, consider talking with a qualified professional.