As Americans struggle with massive amounts of credit card debt, there are debates about using credit card reward programs. Some personal finance experts aren’t fans of seemingly exploitative credit card companies, while others believe responsible credit card use can help you boost your credit score while you earn rewards.
Popular money expert Dave Ramsey isn’t a proponent of any type of credit card points. He believes point accumulation comes with a hefty price tag via increased spending on everything from grocery shopping to travel purchases. Though you may be tempted to rack up those points by buying more stuff, he notes that points could expire or have terms and conditions that make redemption challenging.
