There are a lot of credit cards out there. Moreover, there are a lot of credit cards out there that have been issued by a retailer in collaboration with either a bank or some other provider of financial services. The Children's Place credit card is an excellent example of such credit cards, which can sound rather odd but can nonetheless provide interested individuals with a fair amount of usefulness.
Here are 10 benefits to having a Children's Place credit card:
A credit card is much more convenient than carrying cash for the purpose of making purchases in person. Furthermore, using a credit card to make purchases online is even more convenient in comparison, so much so that other options can't even hope to compete in this regard.
Security is a huge concern when people make purchases. Fortunately, this means that credit cards come with numerous security measures that are intended to protect their users from being defrauded as well as limit the damages should that happen. As a result, while people might be concerned about the security of the Children's Place credit card and other credit cards, they should know that they are actually quite secure when compared with a lot of the other options out there.
Ready Source of Funds
Speaking of which, part of the convenience of credit cards comes from the fact that their users can borrow up to their limit whenever and wherever they choose. In other words, they don't need to seek approval for their planned uses for their credit cards, which can make them a huge step-up compared to loans under a wide range of circumstances.
Credit cards can be used for credit building. In short, a person's use of loans and other financial products creates a credit score, which is the main measure of their creditworthiness that will be used by banks and other providers of financial services. As a result, the lack of a credit score isn't that much better than a bad credit score because it means that interested parties have no real way of telling whether someone can be trusted with a financial product or not. In this light, having the Children's Place credit card can be useful for helping interested individuals build up their credit scores by making use of the credit card as well as making their payments on time.
Combined, some of the factors that have been mentioned so far make credit cards well-suited for use as a source of funding in emergencies. After all, while their costs are not exactly low, their costs are still lower than some of the other fast options that can be found out there.
One of the main reasons that people use retailer-issued credit cards is to take advantage of discounts on their purchases. The Children's Place credit card is no exception to this rule, as shown by the fact that it offers 25 percent off on the birthdays of children who have been registered with the credit card. In total, up to four children can be registered for each such credit card.
Initial Purchase Discounts
Likewise, the Children's Place credit card offers discounts on initial purchases. First, there is a 20 percent discount on the first purchase after opening said credit card. Second, there is a 30 percent discount on the first purchase made using said credit card.
The Children's Place credit card further incentivizes purchases from the retailer by free shipping throughout the contiguous United States. This can be a huge plus for parents who are not particularly interested in heading to the nearest brick and mortar location to do their shopping.
Of course, the Children's Place credit card comes with a rewards program. In short, someone with said credit card earns 2 points per dollar of spending. Moreover, they earn more points during special events compared to their non-card-holding counterparts.
No Annual Fee
It is interesting to note that the Children's Place credit card has no annual fee whatsoever. This is important because it means that the user doesn't have to make as much use of it as possible, which is a serious concern for most reward credit cards because they tend to have high fees for the purpose of making up for the rewards being handed out.
Image via Ajay Suresh from New York, NY, USA
Written by Garrett Parker
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