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How Your Credit Cards Can Help During a Recession

Started by Epoch-Times-Bot, Oct 08, 2022, 11:45 AM

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Epoch-Times-Bot

Oct 08, 2022, 11:45 AM
How Your Credit Cards Can Help During a Recession

By John Egan
From Bankrate.com
When a recession is looming (or already here), you may wonder how to best handle your finances. After all, a recession—a period of time when the economy takes a deep dive—can trigger financial stress. Will you lose your job? Will you be able to keep up with everyday expenses?
With financial concerns like these swirling around in your head, you might decide to cut back on spending, boost your emergency fund or reassess your retirement savings. You might also be curious about how credit cards can figure into your recession survival strategy. Used wisely, credit cards can offer easy access to a line of credit when you need it most, reduce expenses through cash back rewards and provide a variety of valuable perks....

Source: How Your Credit Cards Can Help During a Recession

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