Credit cards are not necessarily "evil" objects that lead to a financial downfall. When used wisely and with prudence, these cards can prove to be very useful to consumers. As per the customers, there is only one big benefit of using credit cards and that is the rewards that are a part of it. Air miles, rebates, cash back and more are obviously some of the rewards that one can sit up and take notice. But, in reality, there is more to credit cards than just rewards. Here is a peek into some of the lesser known perks of having a credit card.

The executive president for CitiGroup`s North American cards section, Terry O`Neil, said that two of the most useful, but lesser known perks of a credit card are the roadside travel assistance and price protection plans. He says that the best way to take full advantage of the credit card in your wallet is by understanding all the perks that you are entitled to.

The return protection feature on your credit card ensures protection in case the product you buy is defective. However, you can use this perk only when you use your credit card to purchase the product. The return protection is also useful to get your money back in cases where you place an order from a particular store, but the store closes down before the delivery is made.

The loss protection and extended warranty are some of the other perks on credit cards that most customers are not aware of.