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The Benefits

The Benefits

Protect your cash – Walking around with wads of cash isn’t safe or practical, nor is stashing a lot of money in your room.
Emergency funds – Life’s full of unexpected expenses. A credit card comes in handy if your hard drive crashes, you need to buy a plane ticket to fly home for a family crisis, or to purchase textbooks before your funds arrive.
Build a good credit history – Companies to which you apply for loans look at your credit score. If you want to buy a car, your first condo or house, need to rent a vehicle, or take out a loan for college or other purposes, you can be sure your credit history will be scrutinized. If you pay your credit cards on time and don’t go over your limit, you’re increasing your options to quality for a loan and ensuring the world that you’re not a bad risk.
Get quick access to goods and services – Online transactions are much quicker if you can pay with a credit card. Car rental companies often refuse to rent to people without a credit account, and many vendors won’t accept personal checks or debit cards.