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CREDIT CARD AND IT'S BENEFITS: A credit card lets you borrow | Life Tactics™

CREDIT CARD AND IT'S BENEFITS:

A credit card lets you borrow funds from a pre-approved limit to pay for your purchases. The limit is decided by the institution issuing the card based on your credit score and history.

BENEFITS

Opportunity to build credit

Earn rewards such as cash back or miles points

Protection against credit card fraud

Free credit score information

No foreign transaction fees

Increased purchasing power

Not linked to checking or savings account

Putting a hold on a rental car or hotel room