Credit cards enable purchases without immediate cash or debit, facilitating large transactions such as furniture and vehicle payments. To maintain a good credit score, it is crucial to keep credit utilization low and ideally only charge what can be paid off immediately. Current credit card offers include 6% cash back and other rewards, making them appealing. Paying off credit cards in full each month is advisable to avoid debt and manage finances effectively.
One of the primary reasons credit cards exist is to facilitate purchases that you don't want to pay for with cash or a debit card, including furniture or a car down payment.
Credit cards are now offering up to 6% cash back, $200 statement credits, $0 annual fees, travel rewards, and more, making them attractive for consumers.
To improve your credit score, keep your credit utilization percentage as low as possible and only buy on credit what you can afford to pay off.
The best advice for using credit cards is to pay them off every month, which helps avoid debt and maintains a healthy credit history.
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