The Real-World Benefits Beyond Cashback

Here's something I didn't expect: the security benefits turned out to be just as valuable as the rewards.

Other Benefits I Actually Use:

Purchase protection: When I bought a new laptop and it broke after six months (just outside the manufacturer's warranty), my credit card's extended warranty protection covered the repair. Saved me $300.

Rental car insurance: When I rent cars, I decline the rental company's insurance because my card covers it automatically. That's $25-40 per day in savings.

Addressing Your Concerns

"Will applying hurt my credit score?"

Yes, but minimally and temporarily. A hard inquiry typically drops your score by 5-10 points, and the impact fades within a few months.

"What's the catch?"

There's no catch, but there are traps for the undisciplined. If you pay in full every month, you're in the winning group.

"I'm worried I'll overspend"

This is a valid concern. Here's what worked for me: I started by only putting one recurring bill on the card—my phone bill. Just that one bill. I did this for three months until it became routine.