Don’t Go Into Debt For Credit Card Rewards. Seriously.

by Jason Unger

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No one gets rich from credit card rewards.

We always recommend spending with a debit card (I literally just wrote about this), but I understand the appeal in using a credit card to get rewards … if you pay it off each month.

Unfortunately, it doesn’t look like most people are.

In fact, nearly 40% of people who use rewards credit cards carry a balance on them … essentially exchanging debt for these rewards. That’s according to a survey from CompareCards.com.

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