You save for many years with the idea of living life to its fullest in retirement. When the time comes, it’s critical to have a plan in place for managing your money and keeping your debt in check. In the following slides, we’ll share the best tips for using credit cards in retirement. With these, you can take full advantage of this financial tool, without concerns about racking up too much debt.
Choose One Credit Card
Depending on your credit history and score, you may qualify for more than one credit card. However, the more of these you have in your wallet or purse, the more likely you are to abuse them or lose track of payments.
It’s best to choose one credit card that does everything well and stick with it throughout your retirement. That, or until you have a good reason for making a change.