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Read In Just 6 Minutes: The Ultimate Guide to Using Your Credit Card’s Exclusive Benefits – Save Money with Companion Fares, Lounge Benefits, and More. Find Out More In Our Latest Article!

Credit cards offer various exclusive benefits and perks to help consumers save money. 

However, many cardholders need to know about these benefits or how to maximize them.

This article will provide the ultimate guide to using your credit card’s exclusive benefits. We will cover everything from companion fares to free credit scores and show you how to take advantage of these perks to save money and get the most out of your credit card.

One of the most valuable benefits offered by credit cards is companion fares. These allow you to bring a travel partner with you for free or at a reduced cost when you purchase a qualifying airline ticket.

More mile perks are also a great way to save money. These rewards programs allow you to earn extra miles on your purchases, which can be redeemed for free flights, hotel stays, and other travel-related expenses.

Other benefits that can help you save money include lounge access, priority boarding, and free checked baggage. These perks can make your travel experience more comfortable and affordable. 

Credit cards also offer a range of shopping and dining perks, 24-hour concierge service, travel and emergency assistance services, and purchase security. 

By understanding how to use these benefits, you can save money and enjoy a more rewarding credit card experience.

Maximizing Credit Card Rewards and Perks

There are many ways to maximize the value of credit card perks, rewards, and benefits. 

By taking advantage of credit cards’ different rewards and benefits, consumers can save money and earn rewards on everyday purchases.

Earn Cash Back on Everyday Purchases

One of the easiest ways to maximize credit card rewards is by earning cash back on everyday purchases. 

Many credit cards offer cash-back rewards on purchases such as groceries, gas, and dining out. By using a credit card that offers cash-back rewards, consumers can earn money back on purchases they would make anyway.

Bonus Miles

Another way to maximize credit card rewards is by taking advantage of bonus miles. 

Many credit cards offer bonus miles for signing up, spending a certain amount within a specific time frame, or for certain purchases. Consumers can earn free flights or upgrades using a credit card with bonus miles.

More Mile Perks

In addition to bonus miles, some credit cards offer more mile perks.  

These can include things like free checked bags, priority boarding, and access to airport lounges. By taking advantage of these perks, consumers can save money and make their travel experience more comfortable.

Free Credit Score

Many credit cards now offer free credit score monitoring as a perk. 

By monitoring their credit score regularly, consumers can ensure that their credit report is accurate and that they are on track to meet their financial goals.

Travel Smart with Your Credit Card

Using your credit card’s exclusive benefits can help you save money while traveling. Here are some perks and benefits that you can use to your advantage:

Companion Fares

Many credit cards offer companion fares, which allow you to bring a friend or family member with you for a discounted price. This can be a great way to save money on airfare, especially if traveling with a group.

Lounge Benefits

Credit cards that offer lounge benefits can be a lifesaver during long layovers or delays. 

These lounges typically offer free food and drinks, comfortable seating, and even showers in some cases.

Priority Boarding

Priority boarding is a great benefit if you hate waiting in long lines to board a plane. 

With this perk, you can board the plane before the general public, giving you more time to settle in and get comfortable.

Free Checked Baggage

Many credit cards offer free checked baggage as a perk, saving you significant money on your travels. 

This is especially useful if you’re someone who tends to overpack.

Travel Packages and Savings

Credit cards that offer travel packages and savings can help you save money on everything from flights to hotels to rental cars. 

These packages often include discounts on multiple aspects of your trip, making it easier to plan and budget for your travels.

Auto Rental Collision Damage Waiver

If you plan on renting a car during your travels, an auto rental collision damage waiver can be a valuable benefit. 

This waiver will cover any damages to the rental car in the event of an accident, saving you from paying out of pocket.

Travel Accident Insurance

Accidents can happen while traveling, so having travel accident insurance can provide peace of mind. 

This insurance will cover any medical expenses or other costs associated with an accident while traveling.

Exclusive Services and Protections

Credit card companies offer their customers various exclusive services and protections. These services and protections can help cardholders save money and provide peace of mind when using credit cards. Here are some of the most common exclusive services and protections offered by credit card companies:

24-Hour Concierge Service

Many credit cards offer 24-hour concierge service to their customers. 

This service can help cardholders with various tasks, such as making travel arrangements, booking event tickets, and finding gifts for loved ones. The concierge service can also provide recommendations for restaurants and other local attractions.

Shopping Savings

Some credit cards offer shopping savings to their customers. 

This can include discounts at select retailers, cash back on purchases, and special offers on specific products or services. These savings can help cardholders save money on everyday purchases and make their credit card more valuable.

Purchase Security

Credit cards can also provide purchase security to their customers. 

This protection can help cardholders if they make a purchase that is damaged, lost, or stolen. The credit card company may reimburse the purchase or help the cardholder replace the item.

Travel and Emergency Assistance Services

Many credit cards offer travel and emergency assistance services to their customers. 

This can include help with travel arrangements, medical assistance, and emergency transportation. These services can provide peace of mind when traveling and help cardholders in need.

Roadside Dispatch

Some credit cards offer roadside dispatch to their customers. 

This service can help cardholders if their car breaks down or they need assistance on the road. The credit card company can provide towing services, jump starts, and other types of assistance.

Emergency Card Replacement

Credit card companies can also provide emergency card replacements to their customers. 

This service can help cardholders if their card is lost or stolen while traveling. The credit card company can provide a new card quickly, so the cardholder can continue to use their credit card.

Lost/Stolen Card Reporting

Finally, credit cards can provide lost/stolen card reporting to their customers. 

This service can help cardholders quickly report a lost or stolen card and prevent unauthorized transactions. The credit card company can also assist with disputing fraudulent charges.

Security and Account Management Features

Norton LifeLock ID Navigator

Credit card companies offer a wide range of security features to help protect their customers from fraud and identity theft. 

One such feature is the Norton LifeLock ID Navigator. This service provides customers access to a suite of identity theft protection tools, including credit monitoring, alerts for suspicious activity, and assistance in the event of identity theft.

Dark Web Alerts

Another security feature offered by credit card companies is Dark Web Alerts. 

This service monitors the dark web for signs of your personal information being bought or sold. If your information is found, you will receive an alert so that you can take action to protect yourself.

Freeze Your Account

If you lose your credit card or suspect it has been stolen, you can freeze your account to prevent unauthorized transactions. 

This can be done quickly through your credit card company’s mobile app or website.

Activate Alerts When Anyone Pulls Your Credit

Credit card companies also offer alerts when someone pulls your credit report. 

This can help you stay on top of any suspicious activity and take action if necessary.

Paying Late Won’t Raise Your APR

Finally, it’s worth noting that many credit card companies offer a feature where paying late won’t raise your APR. This can be a helpful feature for those who occasionally need to remember to make a payment on time.

It can help them avoid costly interest rate hikes.

The best way to see which perks, offers, or rewards are available for your credit card is to check its website or read its rewards benefit guide.

Overall, credit card companies offer a variety of security and account management features to help protect their customers and provide peace of mind. By taking advantage of these features, consumers can help safeguard their finances and confidently enjoy the benefits of their credit cards.

Disclaimer: Millennial Credit Advisers is not a licensed credit service provider or financial advisor. We don’t offer credit repair, debt management, or legal services. Educate yourself on saving, reducing debt, and managing credit for economic improvement. Understand credit reports, scores, and financial products. Consult a financial advisor for personalized advice. Track your progress for a better credit journey.

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