With proper education and responsible use, credit cards can offer rewards and aid in building a robust credit score, which is what Valerio and many other savvy students aim to achieve.

KEY POINTS Income drives card ownership: Higher-income individuals are more likely to have a credit card, with 97% of earners over $100,000 having one compared to 46% of those earning $25,000 or ...

This is the best way to build up credit quickly. Cash-Back Rewards In the world of credit cards, one of the biggest perks and an argument debit card users can’t shoot down is the idea of rewards.

If you have multiple cards with the same issuer, ask if the credit limit from a card you’re closing can be transferred to one you’re keeping.

The Credit One Bank American Express® Card made Forbes Advisor’s list of the best credit cards for a 600 credit score. If your score is in that range or better, this card could be right for you.

The people swiping their cards to pay for food and gas are also paying for wealthy cardholders’ upgrades to business class. In the credit-card industry, the well-to-do are known as transactors.

Edited by Katy Marquardt | March 26, 2025, at 11:06 a.m. ... Getty Images Using your tax refund to pay off credit card debt can help you save money and improve your credit score.