Kevin Joey Chen
Credit Cards Writer, Finder
What is your advice regarding credit card use and what you should be utilizing your card for at this time?
“These are undoubtedly tough times, but there’s one silver lining: You have an opportunity to take stock of your expenses and drastically reduce them when appropriate.
Consider making a list of essential and nonessential purchases. This will help you plan in advance what you might need to spend on — and which spending is pure temptation. During the pandemic, it’s wise to keep virtually all of your spending in the “essential” column. This might include groceries, cleaning supplies and food from restaurants.
If you can put off nice-to-have but nonessential spending, you’ll reap important benefits. You’ll maintain your available credit, which could prove useful during these uncertain times. You’ll also save money as you’ll have less debt to pay off later.”