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Benefits of Using Credit Cards for Young Adults

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Money Talk > Credit & Loans

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merchantindustry
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Benefits of Using Credit Cards for Young Adults  Reply with quote  

One-Time Bonuses
One-time bonuses are attractive to young adults for a variety of reasons. Some view one-time bonuses as a reward for spending money. To these individuals, the $150 (or more) bonus is like a gift from the credit card company; a thank you for spending their money and paying it back.

Others view the one-time bonus as a deduction for a purchase. In other words, if you’re planning to buy a $600 television as the first purchase on a new credit card—and there’s a one-time bonus of $200 if you spend over $500—you’re really only spending $400, as $200 will be credited back just because you spent the money.
Post Mon Apr 11, 2022 10:25 am
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