John Duffy, professor of economics at UCI, [writes]: “It’s important to establish a credit record if you are going to go into debt to buy items such as a car or a home. On the other hand, if you are regularly carrying a credit card balance at a high interest rate and are having trouble making your monthly payments, then a cash-only system can make sense.”

For the full story, please visit https://wallethub.com/best-credit-cards/#john-duffy.

 

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