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Next, while credit cards often get a bad rap, they can provide benefits when used wisely. Credit cards can help you build a good credit history if managed properly. Ideally, you want to use credit cards like debit cards—only spend what you can pay off, avoiding the penalties that come with high-interest debt.
A key pro tip is to capitalize on reward programs offered by many credit cards. If you are disciplined in your spending, you can earn cash back rewards while avoiding interest charges entirely. Additionally, considering 0% APR offers can be advantageous; they act as a short-term loan where you can invest that money for a better return until you have to pay it off.