Never Chase Rewards While in Credit Card Debt: Expert Advice to Save Money
Thursday, 28 March 2024, 21:00
Why Avoid Chasing Rewards While in Credit Card Debt - Expert Insights
Rewards and credit card debt don't mix. Find out how chasing rewards while you're paying off credit cards could do you more harm than good.
Credit Card Debt in the United States
Credit card debt is prevalent in the U.S., totaling $1.129 trillion. It's crucial to prioritize paying off debt and avoid the distraction of earning rewards.
- Set a repayment priority
- Avoid reward-driven spending
- Accelerate debt repayment
Earning points or cash back while in debt can lead to higher costs and slower progress in becoming debt-free.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.