These habits won’t make you rich overnight, but they will help you benefit more from your credit cards.
If you’re looking to adjust your credit card habits, mimicking the ways rich people use their credit cards is a great place to start. Although every rich person is different, many of them share several common habits.
Using studies and interviews, we’ve found out what wealthy people do differently with credit cards. By emulating these habits, you might get far more value from your cards.
Don’t be fooled by the myth that rich people don’t use credit cards. Credit card use is most common among those in higher income brackets.
According to the 2018 TSYS® U.S. Consumer Payment Study, only 26% of consumers overall chose credit cards as their preferred payment method. But among consumers making $150,000 per year or more, 55% preferred credit cards.