Credit cards aren't financial enemy #1. Instead, they're tools. Like any tool, their value depends largely on how you use them. Missteps with credit cards can lead to debt that's hard to dig out of. However, they can also open doors to a higher credit score and even financial growth.
Yes, debt can be bad. However, credit cards don't have to represent a pill of unpaid debt. If you pay your balance in full each month, you'll avoid interest charges entirely.
In fact, responsible credit card use can boost your credit score. Low credit utilization and timely payments can push up your credit score, making it easier to buy a home.
Most credit cards have rewards, but many claim that they're not worth it due to the debt potential. However, rewards programs such as cashback and travel perks can yield significant value.
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