Dillard’s might be a chain of department stores, but it is not exactly uncommon for retailers to offer credit cards in collaboration with various banks and other financial services providers. As a result, people who spend a lot of time shopping at Dillard’s might want to check out its credit card to see whether it would be well-suited for them or not.
Here are 10 benefits of having a Dillard’s credit card:
Chance to Build Credit
First and foremost, a Dillard’s credit card provides the user with the chance to build up their credit score. This is important because a person’s credit score has an enormous impact on the financial products that are available to them. By making use of their Dillard’s credit card and then making the payments on the outstanding balance, the user can build up their credit history, which is one of the most important components for gauging a person’s creditworthiness.
There aren’t a lot of payment options that can match the convenience of the credit card. For example, if someone wants to make a payment in person, they can just use their credit card instead of carrying cash on their person. Likewise, if they want to make a payment over the Internet, they can just type in their payment details instead of having to jump through multiple loops before their transaction can be completed.
Source of Emergency Funds
Credit cards function in much the same manner as lines of credit. In short, they have a set amount of credit that is available to their user, which said individual can make use of at a time of their choosing. As a result, credit cards are much easier to use than most financial products out there, thus making them very suitable for serving as a source of funds during emergencies.
Speaking of which, a lot of credit cards come with the option of cash advances. Essentially, users can borrow a part of their credit card’s balance in the form of cash, which can offer a wide range of uses under a wide range of circumstances.
Choose Your Payment Time
One of the interesting features of credit cards is that interested individuals can choose to make a payment at any time so long as they make sure to make the minimum payment in each period. As a result, this offers them increased flexibility as well as some interesting ways to reduce their overall costs if they choose to make more payments than strictly necessary.
Naturally, Dillard’s credit card comes with a rewards program. Essentially, interested individuals can collect reward points for spending using their credit card, which can be exchanged for various rewards via the rewards program. For those who are curious, spending at Dillard’s as well as grocery stores and gas stations provides 2 reward points per dollar, while spending elsewhere provides 1 reward point per dollar.
Dillard’s credit card is offered via American Express. As a result, it should come as no surprise to learn that it can provide its user with interesting offers in regards to hotels and restaurants that can prove useful for those who spend time out on the road.
Some credit cards have introductory offers to help bring in customers, with Dillard’s credit card being no exception. In its case, interested individuals can expect 0 percent interest for between 12 and 24 months, which is rather nice to say the least.
Credit cards might have significant interest rates compared to some of the other financial products out there, but interested individuals need to remember that this is a relative assessment. Compared to some of the other short-term loans and other financial products, credit cards are quite reasonably priced. In the case of Dillard’s credit card, the interest rate varies between 10.99 percent and 25.99 percent, meaning that interested individuals might want to build up their credit score as much as possible.
American Express credit cards are accepted in a wide range of places in a wide range of countries. As a result, people with a Dillard’s credit card don’t need to be worried about getting their credit card rejected, which can be a concern with some store-issued credit cards.