Relying on cash and debit cards may cause Baby Boomers to miss out on substantial benefits, including cash back and rewards associated with credit cards. For families with considerable grocery expenses, leveraging credit cards can result in considerable earnings, potentially amounting to over a thousand dollars in rewards. Current credit card offers include substantial cash back percentages, statement credits, and no annual fees, presenting a compelling case for credit use. Awareness of these benefits can help older generations avoid missing valuable financial perks.
Spending with cash and debit cards seems financially responsible for Baby Boomers, but leveraging a good credit card can yield significant cash back and rewards.
For families spending heavily on groceries, the difference between using credit and debit cards can result in hundreds or even thousands in cash back over a decade.
Today, there are credit cards offering up to 6% cash back, $200 statement credits, zero annual fees, and travel rewards, providing exceptional value.
Many Boomers may unknowingly miss out on substantial benefits by relying solely on debit and cash, as credit cards offer buyer protections and promotional offers.
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