Credit cards have their benefits, but not everyone is aware of the fact that by using their credit card to pay for car insurance, they can get a discount on the premium. Since credit card payments are an instant payment option for insurers as compared to a cheque payment, some of them will willingly offer you a discount for paying with your credit card. It is like using a credit card to make a payment for anything else, but unlike other payments, here you are getting a discount for using your card. You can sign up for the premium to be debited from your card straightaway to benefit from the discount and you can always choose to discontinue this mode of payment, but you must give the company notice a few days in advance.
People who use credit cards can enjoy various facilities as credit card companies are constantly improving their services to help satisfy their customers. Many credit card companies will get together with car insurance companies to offer their customers special discounts on certain features such as add-ons. You might have at one time wanted to put in a few add-ons because you thought that you could do with some, but you decided not to include these extras for the simple reason that your costs would shoot up. With these special discounts, you can now have these add-ons without the worry of soaring costs. This would however, not affect your main policy, but it would provide you the extras at a lower cost.
Apart from this using your credit card can also help you get cash backs, as many credit card companies offer you cash backs on certain purchases such as on air tickets, monthly purchases up to a certain amount, gas, insurance and various other important necessities. You can check your credit card booklet for all the benefits that are offered on your card, besides new schemes are introduced on a regular basis. So, by paying for car insurance with your credit card, you can get a reasonable amount of cash back from your policy. You not only benefit from a discount offered to you by your car insurance company but also get cash back from your credit card company for using your card to make the payment. So if you didn’t know until now, it’s not too late, you can start using your credit card to make your premium payments.