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49% of wealthy people use credit cards daily. ... The good news is that many of the perks rich people get from their cards are available to everyone. ... can make it incredibly easy to rack up debt.
Cash back cards are the favorite type of credit card for millionaire and non-millionaire Americans. Among millionaires, 59% said they had a cash back card, which was the highest total for any type ...
Therefore, you won’t catch them racking up high-interest debt — i.e., credit cards. They also don’t waste money financing assets that depreciate quickly, such as cars and boats.
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At its core, a premium credit card is a rewards credit card, and you should look for the most valuable rewards for the spending you do. Most of these cards offer a single point or mile per dollar ...
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