Why your credit cards may deserve a second chance – NerdWallet (distributed through syndication)

  • October 5, 2018
  • By: Greenpath Financial Wellness

Featuring Jeffrey Arevalo, Financial Wellness Expert

In this article, Jeffrey explains how using credit cards wisely can help positively impact your credit score.

While paying off $1,700 in credit card debt in 2014, Jamie Griffin cut up his card. To tackle the remaining $90,000 in student loans he and his wife carried, he read personal finance experts’ tips and turned to cash and a spreadsheet to budget. Now that most of their debt is paid off, he’s giving credit cards a cautious second chance.

Griffin has come to see credit cards as a way that he and his wife, Jenna, who are both teachers, can potentially defray the costs of travel. Instead of immediately applying for a travel credit card, though, the 31-year-old from Duluth, Minnesota, let his wife’s longtime rewards credit card lead the way as they transitioned from using cash to credit for most purchases.

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