NORTH TEXAS (CBSNewsTexas.com) — Credit cards can get you into big trouble if you’re not careful.
Americans’ credit card debt It exceeded $1 trillion for the first time in the second quarter of this year. And Texans experienced the second-highest increase in credit card debt; Texans saved nearly $4 billion more from the first to the second quarter of the year
Keith Russell recently shared his journey to regain the reputation of his younger days. In the process, the credit counseling service took away his credit cards.
That was years ago, and now that Keith has good credit, he uses his cards to his advantage.
Here are a few tips for you to do the same:
- Choose a card with no annual fee
- Look for someone with privileges
- Some cards even have cash back rewards
- Many offer 0% interest on balance transfers
Hear more advice from Keith in the video player above.
Each week, CBS News Texas anchor Keith Russell covers personal finance in his Dollars & Sense segment. Watch every Wednesday at 7pm on TXA 21 on CBS News Texas.
Here are some topics Keith has covered recently: