There are a lot of credit cards out there. Moreover, there are a lot of credit cards out there which have been issued by a retailer together with either a bank or some other provider of financial services. The Children’s Place charge card is an excellent example of such charge cards, which can sound rather odd but can nonetheless provide interested individuals with a fair amount of usefulness.
Here are 10 advantages to having a Children’s Place credit card:
A credit card is much more convenient than carrying cash with regards to 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 aspire to compete in this regard.
Security is a huge concern when individuals make purchases. Fortunately, this means that credit cards come with numerous security measures which are intended to protect their users from being defrauded in addition to limit the damages should that happen. As a result, while people may be concerned about the security of the Children’s Place charge 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 Supply of Funds
Speaking of which, part of the convenience of charge 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 when compared with loans under a wide range of circumstances.
Credit cards can be used as credit building. In short, a person’s use of loans and other financial products creates a credit score, which is the main way of measuring their creditworthiness that will be used by banks and other providers of monetary services. As a result, the lack of a credit rating isn’t that much better than a bad credit score because it means that interested parties have no real way of telling whether someone could be trusted with a financial product or otherwise. In this light, having the Children’s Place credit card can be useful for helping interested individuals develop their credit scores by making use of the charge 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 like a source of funding in emergencies. After all, while their costs are not exactly low, their costs are still less than some of the other fast options available out there.
One of the main reasons that individuals use retailer-issued credit cards is to make the most of discounts on their purchases. The Children’s Place credit card is no exception to this rule, as shown because it offers 25 percent off on the birthdays of children who have been registered using the credit card. In total, up to four children could be registered for each such credit card.
Initial Purchase Discounts
Likewise, the Children’s Place charge card offers discounts on initial purchases. First, there is a 20 percent discount on the first purchase after opening said charge 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 in 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 charge 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 notice that the Children’s Place charge card has no annual fee whatsoever. This will be significant 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 charge cards because they tend to have high fees for the purpose of making up for the rewards being passed out.
Image via Ajay Suresh from New York, NY, USA