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You know there are credit cards for almost every kind of person. There are travel cards for those who love to travel (or dream of traveling), prepaid credit cards for those who are on a budget, cards that give rewards points for purchases (gasoline, toys, groceries, etc.). But did you know that there is a credit card for occupants of cars? Apart from having an image of a truck or car on the front of the car, these credit cards offer incredible benefits to the cardholders.
There are many credit cards that are affiliated with car companies but the most popular are those that have tie-ups with car manufacturers such as Subaru, General Motors and Volkswagen. Credit card giant, Citibank may not have any exclusive tie-up with any specific car company, but they have a card with services that will appeal to the car enthusiast in you.
Credit cards that offer automobile-related rewards are definitely ideal for people who live and breathe their cars (or who dream of one day owning one of these cars). . Cards affiliated with manufacturers give higher rewards points on most of your basic purchases (gasoline, groceries, etc.), plus rewards points can be converted for parts and services, merchandise and gift certificates. Depending on the total Rewards points you have, you can use your points and apply it towards retaining or buying or leasing a new or used car (subject to existing terms and conditions).
To further entice people to sign up for their services, companies that offer credit cards with automobile-related rewards add more attractive benefits to the mix. Most of these cards charge no annual fee, and offer additional services such as balance transfers (waiving balance transfer fees) and online account management. Some cards also have incentive programs that give you the opportunity to earn a little extra.
If you think that these credit cards can only be used in the United States of America, then you are wrong. You can use these cards anywhere in the world because apart from the fact that most of these cards are associated with one of the major credit card companies, these cards also have a Visa or Mastercard logo on them. Wherever you are, establishments displaying the same Visa and/or MasterCard symbol will accept your credit card.
Like any credit card, you have to use this powerful tool wisely. Even if you’re eager to have your own car, you can’t keep storming out and hope you’ve accumulated enough points to either buy or lease your own car. Can take You can earn points, but along with these points, you will also incur more debt, which if you are not able to manage it properly, can adversely affect your credit rating. These cards are meant to give you something more for your money. This is not a shortcut to owning your vehicle. These cards are just things that you use to make more fun and entertaining spending for you and your car.
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