Co-founder and personal finance industry analyst for The Ascent by The Motley Fool. He has 11 years of finance experience and has published over 800 educational and research articles on The Motley Fool, CNN, MSN, Yahoo, and more.
Do you want to know the truth about credit cards?
If you can’t pay off your interest-bearing balance each month, it’s probably best to avoid credit cards if you’re able to. High-interest debt can really add up (if you already have credit card debt, transfer it to a 0% interest balance transfer card).
But if you can pay off your credit card each month, it’s practically a no-brainer to use them instead of debit cards or cash. That’s for three main reasons:
And remember: with some top cards you can pay 0% interest on purchases for a year or more, which can be a smart way to spread out the cost of a big purchase and avoid interest on it.
But with so many cards out there, it’s tough to know where to begin.
That’s where we come in.
Over the years, we've learned a thing or two about helping people grow their money. I cut my teeth at The Motley Fool - the owner of The Ascent - which has been giving trusted investment advice for over 27 years. Heck, we've even testified in front of Congress -- twice!
Now as The Ascent’s co-founder and resident credit card expert, my goal is to give you honest, no-nonsense advice on some of your most important money decisions.
My motto is simple: if I wouldn't recommend a product to a family member, I won't recommend it here either.
As part of that mission, I’ve reviewed and crunched the numbers on hundreds of credit cards over the years.
This credit card I reviewed is so good that I signed up personally.
That’s because the credit cards I’ve evaluated typically might have one or two of the valuable features below. The Discover it® Cash Back card sports all of these:
The Discover it® Cash Back card ticks so many boxes that I find it easy to recommend it to anyone that can take advantage of the excellent cash back rate this card offers, and to anyone looking to avoid interest on purchases for over a year -- all while paying no annual fee.
But fair warning: these perks are so good, I can't be sure how long they'll last. So if this card sounds like the right fit for you, I'd encourage you to apply today.
To learn more about the credit card that I signed up personally for, simply click here to apply -- it only took me about 2 minutes to fill out the application. Not a bad return on investment for the kind of cash this card can put back in your wallet!
Discover it® Cash Back
Earn 5% cash back in rotating quarterly categories you activate ($1,500 quarterly spending cap), 1% back on all else
Purchases: 0%, 14 months
Balance Transfers: 0%, 14 months
11.99% - 22.99% Variable
Double cash back after the first year for new cardholders
We are committed to full transparency in our mission to make the world smarter, happier, & richer. Offers on The Ascent may be from our partners - it's how we make money - and we have not reviewed all available products and offers. That transparency to you is core to our editorial integrity, which isn’t influenced by compensation.
The Motley Fool has no position in any of the stocks mentioned. We’re firm believers in the Golden Rule, which is why editorial opinions are ours alone and have not been previously reviewed, approved, or endorsed by included advertisers. The Ascent does not cover all offers on the market. Editorial content from The Ascent is separate from The Motley Fool editorial content and is created by a different analyst team.
The Ascent is a Motley Fool service that rates and reviews essential products for your everyday money matters.
Copyright © 2018 - 2020
The Ascent. All rights reserved.