A debt-based economy, like the one here in the United States, is driven by consumerism, which generally leads to a large part of the population going into insurmountable debt. One of the largest contributors to consumer debt is credit card debt. While credit cards can be very beneficial in helping people manage their spending and providing the convenience of not having to carry cash, when they are mismanaged, it can lead to a world of financial pain.
The good news is that the credit card industry is more competitive than at any time in the past, leading banks to create all types of incentives to get people to apply for their cards. There is currently a great buzz surrounding the new HSN credit card. So, you are probably wondering what are the benefits of the HSN credit card.
The HSN credit card is one of many retail credit cards that is facilitated by the Comenity Bank, allowing shoppers to buy a wide variety of items from the Home Shopping Network. Like any retail credit card, the HSN credit cards comes with its own set of benefits that increase its value to HSN patrons.
Here are 10 of the top benefits of the card.
1. Flex Discounts on Qualified Purchases
As with most retail credit cards, one of the top benefits is discounts on qualified purchases. This discounts can apply to everything available through the HSN network, including jewelry, beauty products, fashion items, and more. The retailer will specify when and what can be discounted by using the card.
2. Flex VIP Returns
Another nice benefit is that cardholder is allowed to experience a more discreet shopping experience, which includes the VIP returns — making it much simpler and easier to return unwanted or defective products without all of the normal hassles.
3. Exclusive Discounts and Promotions
Obviously, a retailer like HSN is always offering promotions and discounts to their shoppers; however, cardholders will have access to exclusive deals that others shoppers will not have. This is definitely a leading incentive for someone considering getting the card.
4. VIP Financing
While all of the details surrounding VIP finances are not readily available, it is clear that cardholders will have access to a unique type of financing for certain purchases, which creates a great deal of flexibility in how purchases are made and the repayment terms.
5. Online Access
If you don’t have online access to your account, it is difficult to effectively manage it. Online access allows you to consistently check the current state of your account, pay your bill, a contact customer support. All of this without having to dial in and wait on hold.
6. The Deferred Interest Plan
One of the areas that people get hurt by using their credit cards is that they end up paying more for each purchase because of the interest that is accrued on the balance. One way to avoid this is to pay the bill before the interest is applied. The deferred interest plan allows customers to buy a qualified item without interest being applied within a certain promotional period.
7. General Convenience
If I had to choose the top benefit of using a credit card it would be the convenience. The ability to pay with a single swipe without having to pull out cash and count it. This is also much safer than carrying cash. The key is not to be pulled into spending more than should be spent.
8. Security and Safety
With cyber threats constantly on the rise, one always has to be aware of the potential threat of identity theft or someone hacking into their account. The HSN credit card comes with the latest in digital security to ensure that your account remains safe.
9. Use At Associated Retailer
The card can be used at any retailer that is associated with HSN with the same general benefits applying unless otherwise indicated. This is something that has become increasingly common among retailers.
10. Birthday Gift Discount
A retail credit card just would not be complete without some type of birthday reward for the cardholder. With the HSN credit card, cardholders can expect from 10 to 20 percent discounts for the purchases made on their birthday. Now you can buy yourself something nice on your birthday.
Written by Rick Wallace
Read more posts by Rick Wallace