Purchase protection: this is one of the biggest benefits of using a credit card. Under the Consumer Credit Act, you’re protected if you use your card to buy something that costs more than £100 and less than £30,000, and something goes wrong. For example, if it doesn’t arrive, is damaged or the company goes into administration.
Earning rewards: reward cards offer loyalty bonuses, air miles or even money off your weekly food shopping. Be aware though, that if you don’t pay off your balance in full every month, the interest you pay may outweigh the value of the rewards.
Building a credit profile: provided you’re responsible with your credit card – not exceeding your limit and always making repayments on time – you can use your card to start building a credit profile. This will help show lenders you’re a responsible borrower.