Most drivers know that they should always carry their driver’s license, vehicle registration and proof of insurance with them while driving. However, not all motorists are aware of the importance of arming themselves with another crucial tool: a credit card.
While a police officer won’t ask you for a credit card if you get stopped, and you do not need one in order to legally drive, having one alongside your license has three vital advantages.
Building Credit
When purchasing a car, most drivers will opt to finance a car with a vehicle loan. However, these loans aren’t just given to anyone. A driver needs to apply for a loan, and almost all lenders will look at your credit history and credit score in order to determine whether you qualify. If you have strong credit, you will likely qualify for the loan and an affordable interest rate. However, even if you do qualify for a loan with bad or low credit, you can expect sky-high interest rates, which will result in a significantly higher overall vehicle price.
DMV.com recommends building your credit in the easiest way possible to save thousands of dollars on your next vehicle – by obtaining and properly using a credit card. You can apply for a new credit card online in just three easy steps, which include entering your information, getting matched with the perfect card offer and submitting your request for the credit card. Online credit card applications are simple and can be completed in minutes, which gives you the chance to start building your credit today.
Covering Maintenance Expenses
Every vehicle requires regular maintenance. Many maintenance expenses can be as simple and affordable as filling up your tank with fuel or getting your oil changed. However, maintaining your car can also be expensive, particularly when something goes wrong. There are few worse feelings than getting a quote from a mechanic and realizing you do not have the cash to pay for the necessary repairs and service. Luckily, having a credit card on hand can help you keep your car in working order, while eliminating the stress of not knowing how you are going to cover the necessary expenses. Solve tomorrow’s vehicle problems today, and stop worrying about how you are going to cover future car costs. Apply for a new credit card now.
Emergencies
Anything can happen on the road on any given day. From a simple breakdown to a car crash, drivers are never fully safe from emergencies. These emergencies can cost you a great deal of money that you may not currently have in your bank account. Fortunately, a credit card can help you cover many of the expenses involved in vehicle emergencies, whether they are as simple as paying for transportation if you are stranded or as serious as paying an emergency room copay if you find yourself injured in an accident. In any case, DMV.com recommends that you obtain a credit card so that you can prepare yourself for any given situation. Right now, you can apply for the perfect credit card online for maximum convenience.