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Credit cards arent just great for building credit.
If you use them responsibly, credit cards can help peoplebuild their wealthand reach long-term financial goals sooner.
Many credit cards allow you to accumulate points for every purchase, and they often come with additional perks.
She explained how spending money with a credit card made expensive travel more affordable.
Wondering how much you could save with travel rewards cards?
Russell outlined how much shes saved, and its a big eye-opener.
plus at least $5,000 in luxury hotels.
Why Not Get a Cash-back Card?
You earn 5x points on [qualifying] flights, and the statement credits make it affordable for me.
Although Russell has a few key credit cards, she also opens additional cards for their welcome bonuses.
She explained how her travel credit cards give her financial flexibility, which has helped her make more investments.
Russell shared two pieces of advice to help you avoid mistakes when you use a credit card.
I live in [New York], so I spend a lot on dining out.
As such, I have a card that gives me extra points in this category.
I dont have a car, so cards that give points on gas dont matter to me.
Its all about selecting what works for you.
Russell also mentioned not getting distracted by flashy perks that you wont end up using.
Not getting distracted by statement credits you dont need: A lot of cards now are almost coupon books.
Its important to keep that in mind.
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