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If you travel and use hotels and rental cars, credit cards are very much a benefit. These companies insist on credit cards or require you to put onerous deposi
by mahyarm 15y ago
If you travel and use hotels and rental cars, credit cards are very much a benefit. These companies insist on credit cards or require you to put onerous deposits and sometimes will refuse cash or debit cards outright. Airlines seem similar for their preference for credit cards. Also most of the benefits from credit cards are travel related. Like rental car collision insurance, travel insurance, etc if you use the credit card.
- crikli 15y agoAll it takes is little planning ahead. For example, our business requires that I travel all over the US and I use a debit card exclusively. Never have a problem with the airlines, hotels, or renting cars, but that's because we've taken the time to know which businesses will accept debit cards without a hassle. "Also most of the benefits from credit cards are travel related. Like rental car collision insurance, travel insurance, etc if you use the credit card." I'm beginning to sound like a tin-foil-hatter here, I know, but things like travel insurance are fluff that the credit card companies throw out to induce people to use them.
- mahyarm 15y agoOf course they throw that in to incentivize people to use them. Many people are unaware of these benefits since banks tend to not market them much, but it's there in your card holder agreement. That extra due diligence costs time and reduces flexibility. Did those rental places accept your debit card without a deposit? Did they notice it was a debit card?