Many people use debit cards for everyday purchases, but doing so isn’t the best money move. Using a credit card can offer more benefits and can help you earn rewards on your spending. If you primarily use your debit, you may want to consider a credit card instead. Here are five reasons to ditch your debit card.
When you use a debit card, you miss out on building your credit. Having a good credit score is essential, and your credit situation significantly impacts many areas of your life. By using a credit card, you can build your credit and raise your credit score.
Paying your credit card bills on time is one way to build credit. The age of your credit history is also an important factor. So if you’ve ignored the need to build credit, now is an excellent time to open a credit card and use it regularly so that your credit age increases.
