If you have been thinking about getting a credit card in Norway, but you aren’t quite sure whether that is a good idea or not, then it means that you still have some learning to do about this whole concept. In other words, you need to find out just how beneficial this option can be for you. I suppose that you already know how credit cards function precisely, which means that you are perfectly aware of some of the benefits.
Yet, if you are reluctant about getting a kredittkort, i.e. a credit card in Norway, then it’s probably because you aren’t quite sure whether this is the right idea for you or not. Well, I say it’s time to find that out, so that you can finally make that important decision on whether you want to get it or not. If you have already decided to get one, though, then you should learn more about how to choose the right card for you.
In case you still haven’t reached that point in your decisions, though, then I suggest you keep on reading, so that you can figure out if using this card is something that would appeal to you or not. You should keep in mind, though, that the benefits I will be talking about below can differ from one issuer to another, which means that you should do some more thorough research in order to find out what you can get from each one of those. Still, these are usually pretty similar, meaning that it’s worth checking them out. So, let us now do just that.
Bonuses
One of the main reasons why people are attracted to credit cards is the fact that they can get certain one-time bonuses when they first apply. Of course, you should keep in mind that these bonuses aren’t given out to every single applicant. This mainly depends on their particular credit score, so don’t forget to take that into account when trying to figure out whether you would get a bonus or not. Your credit score, however, isn’t the only requirement that can be imposed when it comes to getting these bonuses. The banks usually impose some other conditions as well.
So, if you really like the idea of getting these bonuses just by getting yourself a credit card, I suggest you do some research and check the precise requirements of particular providers and banks. This will help you not only understand the concept of bonuses a lot better, but also choose the most perfect kredittkort for you. That’s why you should never forget to do the necessary research and find out everything you need to know about the bonus requirements, as well as any other important factors.
Reward Points
Reward points are another reason why people decide to get a kredittkort over, perhaps, another option. To put it simply, by spending, cardholders will earn certain reward points which can later be exchanged for different services and products, including gasoline, clothes, groceries, restaurant services, hotel accommodation, and much more. Of course, after a certain number of reward points had been gathered, you can even exchange those for gift cards, or travel tickets.
You are now probably wondering whether the rewards and the reward point options that are offered are actually the same with every issuer, or if there is a reason for you to do some shopping around. The latter is actually correct, since the rewards and the reward options are rather different from issuer to issuer. They also depend on the shopping habits of particular cardholders, so don’t forget to keep that in mind as well when trying to choose the perfect issuer for you.
Better Finance Management
If you have been worried about not succeeding in managing your finances the right way, which leads to you not knowing where you have spent your money and how you could have spent it so quickly, then I’ve got a recommendation to make. Getting a kredittkort is certainly the right option for you, since it allows you to manage your finances perfectly and know exactly where each and every penny was spent. You get monthly statements that will shed some light on your spending habits and help you understand if there is anything you need to change.
People who would like to start saving some money would be rather happy with getting these monthly statements and then realizing which costs they simply need to cut. Then, when they get the next statement and learn that they’ve possibly spent less than the previous month, there’s no doubt in my mind that they will get motivated and ready to keep the savings plan going. Of course, yearly reports can also be beneficial when it comes to calculating your taxes, which is also an important part of managing your finances.
Grace Period
There is another factor that we need to mention and that I am sure most people will find rather appealing. To put it simply, when you get a kredittkort and make a purchase with it, you won’t be obligated to pay at that very moment. The card allows for a grace period the length of which varies from one lender to another.
Of course, during the grace period, you are exempt from paying interest, which is exactly what makes this whole concept appealing. If it sounds like something that you might like, then I suggest you learn more about it and figure out precisely what you can get if you decide to apply for a credit card.
Fraud Protection
If we had to single out one thing that could be regarded as the most important benefit of having a credit card, then it would probably be this. In the event of a fraud, you are not the one that will be held responsible, as long as you let the issuers know about any types of fraudulent activities the moment that you notice them. The terms of your responsibility will, unsurprisingly, depend on the actual issuer. Most usually, though, you can only be held liable for up to $50, which is definitely a huge benefit.
When speaking of fraud protection, we undoubtedly need to mention overall security. You’ll be glad to hear that kredittkort issuers are constantly working towards making online payments even more secure by introducing virtual account numbers. By using those numbers, you won’t need to enter your actual credit card number or any other sensitive information, which allows you to stay properly protected against anyone who might want to steal the information from you. If you ask me, this is undeniably something to look forward to.
Purchase Protection
Speaking of protection and safety, there is another rather significant thing that we need to mention. In simple words, I am referring to any new purchases that cardholders actually make during a particular period of time following the investment in a specific item. Basically, if the product you have bought gets stolen or damaged during that particular period, you will be able to get reimbursed for it, or have it repaired free of charge.
Now, you should keep in mind that this, once again, depends on the actual issuer, as well as on the type of product we are talking about. In other words, not every single product you purchase with your kredittkort will be covered with this type of protection. Vehicles and animals are usually excluded from these types of programs, so don’t forget to keep that in mind when doing your shopping. Of course, there is also a limit on the number of claims you can make during one year, but it is usually more than enough.
Return Protection
Return protection is another remarkable benefit offered to cardholders by the issuers. Have you ever thought about returning a particular product after you’ve bought it, either because there was something wrong with it or simply because it didn’t fit perfectly? Well, there is now no need for you to give up the idea of returning it, because your credit card allows you to do that even if the specific retailers aren’t happy about it.
When faced with the particular return program of your card, retailers will be obliged to follow through and allow you to return the items you have purchased. Of course, there is a limit on the time frame, as well as the amount you can actually receive as a refund. In addition to that, some items aren’t covered with this policy, so make sure to get properly informed before deciding to ask for a refund.
