A Reddit user with a credit score over 720 realized that using a debit card prevented him from accessing valuable rewards and benefits available through cash back credit cards. Good credit scores can lead to better borrowing options, lower deposits on utilities, and easier approval for services. The article highlights how signing up for a cash back card can help the user earn rewards on everyday purchases. Additionally, some credit cards can significantly aid in reducing debt through strategic 0% Intro APR offers, saving substantial amounts if managed correctly.
Building a strong credit score is important for many reasons, as it opens the door to affordable borrowing and helps you out if a landlord or potential employer checks your credit.
Unfortunately, a debit card isn't it. One Reddit user recently realized that despite his credit score, which is well above 720, he's missing out on some very important perks by using a debit card to pay for all of his purchases.
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