Credit cards have a bad rep.

Written By Justin Huynh

Popular financial talk host, Dave Ramsey, is particularly against the use of debt, especially debt with high interest rates. And popular media also continues to push that credit cards are evil.

But credit cards are one of the most fundamental parts of an optimized personal finance approach.

Credit cards can save you THOUSANDS of dollars in perks, but also, they help build up your credit score, which then may potentially save you hundreds of thousands in interest.

But promise you’ll follow 4 rules:

  1. Never sign up for retail credit cards (terrible fees, APR, and worst of all: spam mail).

  2. Only sign up for ones with rewards (travel, cashback, etc).

  3. Cards with fees are actually worth it (if you use the perks).

  4. Don’t open too many (You only need two— travel and cashback).

Want to learn more about debt and personal finance? Check out my free 38-page personal finance e-book here: justinhuynh.com/access/personal-finance

#TheMillionImpactMission

Justin Huynh
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