The value you get from credit cards depends quite a bit on how you use them. If you spend responsibly and pay in full, credit card rewards can make you money. Overspending, on the other hand, could put you in debt and cost you.
To ensure you come out ahead, it helps to set goals. Good credit card goals give you targets to aim for and encourage smart financial habits. Here are three simple and effective credit card goals that will keep you on track through 2021.
3 WAYS TO ELIMINATE CREDIT CARD DEBT
1. No credit card debt
If there’s one way consumers get in trouble with credit cards, it’s credit card debt. The average credit card balance in 2020 reached almost $6,000. On a card with an average APR of about 16.5%, you’re looking at