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Let’s break down the pros and cons of the tool we love to hate: the credit card.Is there any advantage to using one? How many millionaires regularly pay with credit cards? Is there a SAFE way to use credit? We’re answering all of this, plus sharing our personal experience with credit card usage. Whether you’re a credit-card-aholic or a financial mutant, this episode will help you assess and maximize your current relationship with debt, spending, and credit.
Interested in learning more about how to use credit cards responsibly and maximize benefits? Check out our credit card hub.
In this episode, you’ll learn:
- Credit card basics – how to use them the right way
- Where credit cards came from
- When NOT to use a credit card
- What to look for in a good credit card
- What’s inside Brian and Bo’s wallet
Research and resources from this episode:
- Department Store Charge Cards (The Department Store Museum)
- Cash vs Credit Card Spending Statistics (2021) (Fundera)
- New Report: How Credit Card Debt Impacts the Average American (Clever)
- Credit Card Debt in 2020: Balances Drop for the First Time in Eight Years (Experian)
- The Man Who Turned Credit-Card Points Into an Empire (New York Times)
- Does Using a Credit Card Make You Spend More Money? (Nerd Wallet)
- Largest collection of valid credit cards (Guinness World Records)
- Here’s a guy who has 1,497 credit cards (USA Today)
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