Many people have heard of the US Bank Reserve Credit Card and some say that it is safe to use. They know that it is from Bank of America and they know that it has a zero percent interest rate. There are also those who say that this is just another card in a long list of identity theft scams out there. But is it really safe?
First, let us consider why people prefer this bank card. The main reason why this is preferred by many is because of its credit limit and the rewards one can get by using it. This card comes with a twenty-five hundred dollar credit limit which is one of the highest credit limits out there. It gives you five hundred percent points on all purchases if you have the card with you. You can use these points to buy items at select restaurants, grocery stores, drugstores and much more.
This card is not only safe for its users but for merchants as well. If people have the cash with them when shopping, the merchant will be happy to accept their cards. This gives the customer a good impression about the business and that will surely increase your sales. Many people are saying that they have experienced having their purchases charged back to their accounts by the bank. So in that case, once again, you have gained something from this transaction.
Aside from these benefits, this card is also a great credit card because it has no annual fees. It means that you do not have to spend another cent on it. This will help you save more money which is usually spent when there are transaction fees. This will leave you more money for other expenses.
Now, let us look at the disadvantages of this credit card. The disadvantage of this one is that once you lose the card to theft or if you forget to pay your bill, you cannot receive a new one until your salary is cleared. Even then, it will take some time before you can get a new one and if this happens you will have to give up the old one. You will not be able to use it any longer and this will cause you a lot of frustration. You might even be tempted to give up the whole process of using credit altogether. This is why you should be aware of the advantages and disadvantages of having a US Bank Reserve Credit Card.
As we have said, this one is a credit card that can be used by anyone regardless of his credit history. This means that there are many people who have this card in their names but do not use it. This is because the interest rates on this card are very high. But do not let the high interest attract you because there are lots of advantages that you can have with this. We recommend that you have this card if you are a person who always travels.
This one comes with an introductory rate of five to ten percent so do not let the low rates scare you. There are lots of people who have benefited from this and so should you. And since it is a credit card, you will also be entitled to get interest payments. In fact, many people actually get a lower rate after they have been using their cards for a while. It all depends on how good you are with your financial management and how good you are at managing your credit standing.
Another advantage of the Us bank reserve credit card is that it can help you with your expenses. This card is designed in such a way that it will allow you to pay for gas or any other expenses instantaneously. Imagine the ease of use and the convenience of such a card. All you have to do is to make a few clicks and you will be able to pay for almost everything instantly. If you want to use this card to its full extent, then you should of course maintain a good spending record and pay off your card balance on time. This will also help you build up a good credit rating which will translate into future benefits.
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