DENVER — This year, Americans racked up more credit card debt than ever before. A report from the Federal Reserve Bank of New York shows total credit card balances hit $1.21 trillion, which is record breaking.
Denver7 wanted to get some answers to help you avoid adding to that number. We asked Horizons North Credit Union CEO Brian Rush for his advice.
Q: When is a good time to use a credit card vs. not using one?
A: It’s a good idea to use a credit card in order to build credit, earn rewards and also for security, especially with online purchases. Using a credit card for reoccurring expenses like groceries and school and fuel can help you earn rewards and track your spending, but you do want to be careful not to overspend and make sure…