According to the Bureau of Labor Statistics, April’s inflation report showed a decrease for the 10th consecutive month. So why am I not celebrating yet? Because gas is still over $3 per gallon where I live in North Carolina (and it tops $4 on the West Coast), and virtually everything I buy at the grocery store is more expensive than it was before.
NerdWallet’s 2022 American Household Credit Card Debt Study found that 4 out of 5 Americans have done something to combat inflation, like driving less or switching to store-brands. I’ve trimmed expenses where I can, but I have another tool in my arsenal: credit cards. And not in the way you might think — I’m not using them to rack up debt. Rather, strategic spending on my cards has earned me hundreds of dollars in rewards in 2023 alone, providing a budgetary buffer against inflation.
Here’s how you can leverage credit cards to your advantage.
If you’re deep in credit card debt and struggling to pay your monthly…
This article was written by Jae Bratton and originally published on www.nerdwallet.com