1. Protect yourself
Using a credit card can help you track your expenses and avoid fraud.

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•Keep your receipts, check them against your monthly statement, and notify your card company right away if you spot any errors.

•Report suspicious charges or a missing card by calling the emergency number on the back of your statement. In most cases, you won’t be held responsible for any charges if your card has been stolen.

•Sign up for Online Banking and receive automatic security alerts1 that will advise you of unusual activity on your account, such as a requested change of address.

•Use account alerts to let you know even more, such as if your card is used to make a foreign-currency purchase.

•Check with your card issuer about damage protection. Some cards provide protection if you buy merchandise that turns out to be defective. If you are unable to resolve the problem with the merchant, you may not be charged for the item.

2. Use it to build your credit history
Used responsibly, credit cards can have a positive effect on your credit score. Lenders and issuers of credit—mortgage companies, credit card companies, retail stores, utility companies—review your credit score and history to see how prompt and responsible you are about paying back your debts. By using your credit card regularly and making your monthly payments, you build a solid credit history that says to potential lenders: You can trust me.

3. Use it to save money
Paying your credit card bill on time every month saves you money both now and in the future. If you pay off all or most of your balance every month, you will spend less money on interest. And since timeliness in paying bills is a factor in determining your credit score, in the future you are more likely to qualify for low-interest rates on mortgages, cars, and other big-ticket items.

4. Reap/get the rewards
Credit cards offer you all kinds of extras that cash doesn’t. Depending on
your card, you may earn one or more of the following rewards:

• Airline miles that can be redeemed for trips or to purchase trips at a discount.

Page 2 Advantage of using credit card Essay

•Cash back on everyday purchases, including gas and groceries.

•Discounts on purchases with retail partners

5. Added protection for travellers, use it for peace of mind when travelling. Check whether yourcard offers any of these additional credit card advantages that help you save money on travel:

•Trip cancellation and delay insurance

•Lost luggage insurance
•Travel and emergency assistance
Only you know what credit card advantages are best for you. Check with your card issuer and see what they offer, and to find a card with rewards that match your lifestyle and interests

Use it to stay on top of things.
Your credit card can help you keep track of your expenses. Save your receipts and check them against your monthly statement. Notify your credit card company right away if you spot any errors. If your credit card is missing or if you notice suspicious charges, call the number on your statement or the back of your card. In most cases, you won’t be held responsible for any charges if your card or account number has been stolen. If you have online access to your account and your credit card issuer offers optional security alerts, sign up to be automatically notified of any unusual activity on your account. Check with your credit card issuer about damage protection. Some credit cards provide protection if you buy merchandise that turns out to be defective. Many credit card companies offer payment due date reminders. Sign up for these reminders to avoid being charged a late fee.

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