Tuesday, February 26, 2013

Greetings Thrifty Friends,

If you have been reading Thrifty Tips for any length of time you know my opinion is that it is almost always a bad idea to use credit cards except for in emergencies.

However, there are circumstances where your credit card will provide certain protections and conveniences which make it a good idea to use, such as...

Keep pinchin' those pennies,
Penny

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TODAY'S THRIFTY TIP:

Electronics & Appliances

Many credit cards entitle cardholders to an extended warranty and price protection on items, such as electronics and appliances, that carry a warranty already.


Travel Accommodations

Some credit cards carry certain secondary travel insurance coverage. This can include trip cancellation service, accidental death or dismemberment coverage as well as emergency assistance services.


Online Purchases

When it comes to making online purchases it is safer to use a credit card. Debit card users are given a shorter amount of time to discover fraud if they hope to recoup any of the funds that were lost. They also can be held liable for the entire sum of money they claim was stolen if they fail to report the illegitimate activity within 60 days.


Tax Deductible Items

It's a good idea to charge items you plan on writing off on your taxes at the end of the year since the credit card bill itself can serve as a receipt of these charges.