Navigating Credit Cards: Rewards vs. Risks

We’re continuing “debt month” with one of the most common types of debt in the US: credit cards. They are convenient and rewarding, but also potentially risky. Real benefits like purchase security and the opportunity to build credit can be overwhelmed by the downsides of easy spending and high interest if not managed wisely.

The numbers tell a clear story. Americans currently hold over $1.2 trillion in credit card debt, and the average interest rate is around 28%. It’s easy to see how balances can spiral out of control, leaving you in a hole that’s very difficult to get out of.

Want to make the most of credit cards while avoiding the pitfalls of debt? We’ve put together two quick reads to help you navigate this:

Credit card debt: Easy to get into, VERY hard to get out of

Minimum payments are good for credit card companies, not you.