How Millionaires Use Credit Cards in 2021

Let’s break down the pros and cons of the tool we love to hate: the credit card.Is there any advantage to using one? How many millionaires regularly pay with credit cards? Is there a SAFE way to use credit? We’re answering all of this, plus sharing our personal experience with credit card usage. Whether you’re a credit-card-aholic or a financial mutant, this episode will help you assess and maximize your current relationship with debt, spending, and credit.

In this episode, you’ll learn:

• Credit card basics – how to use them the right way
• Where credit cards came from
• When NOT to use a credit card
• What to look for in a good credit card
• What’s inside Brian and Bo’s wallet

Research and resources from this episode:

• Department Store Charge Cards (The Department Store Museum)
• Cash vs Credit Card Spending Statistics (2021) (Fundera)
• New Report: How Credit Card Debt Impacts the Average American (Clever)
• Credit Card Debt in 2020: Balances Drop for the First Time in Eight Years (Experian)
• The Man Who Turned Credit-Card Points Into an Empire (New York Times)
• Does Using a Credit Card Make You Spend More Money? (Nerd Wallet)
• Largest collection of valid credit cards (Guinness World Records)
• Here’s a guy who has 1,497 credit cards (USA Today)

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