Flywheel Publishing has partnered with CardRatings to provide insights on credit cards. A Redditor is questioning whether to switch from using a debit card to a credit card for purchases over $20 to build credit and earn rewards. The article discusses the debate between debit and credit card use, highlighting the benefits of credit cards such as improving credit scores and accumulating rewards, while addressing concerns about merchant fees and existing credit card debt. Education on credit usage is emphasized as key to making informed financial decisions.
Considering the benefits of credit card use, including building credit history and earning rewards like frequent flyer miles, it's vital to evaluate switching from a debit card.
Understanding how credit cards can impact credit scores is crucial as many often believe they are detrimental, yet responsible usage can enhance your credit standing.
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