How to be intentional and well-informed for wise credit card use

Foster City, CA – May 27, 2020 – Credit cards have their place, but one thing the COVID-19 crisis has hit home is the importance of having access to cash in an emergency. CardRatings.com consults with financial planner Russ Ford, founder of Wayfinder Financial, and shares advice on how consumers can weather the current financial environment as well as prepare for the next economic downturn.

Guidance on surviving today’s financial climate includes:

1.      Maintain low fixed expenses, including manageable credit card debt.
2.      Set a credit card spending cap and track it monthly.
3.      Take full advantage of credit card rewards.
4.      Don’t panic and stay invested.

"Consumers who already use credit cards should keep trying to earn the most rewards on as many of today’s purchases as possible," explains Brooklyn Lowery, senior editor of CardRatings.com. "In the current COVID-19 environment, take stock of new spending habits – and new financial realities like a lost job if necessary – and carefully consider your credit card strategy. Stay in touch with your financial adviser about how to handle all aspects of your finances during this unprecedented time."

Read financial planning tips and understand guidance on where credit cards can fit in: http://cardratings.com/financial-planners-advice-on-credit-cards-and-more-be-intentional-be-informed.html

Lowery is available to comment on taking full advantage of credit card benefits today.

Additional resources

·        Coronavirus and credit cards: what you need to know

·        Best credit cards for fair credit: May 2020

About CardRatings.com
CardRatings.com is owned and operated by QuinStreet, Inc. (Nasdaq: QNST), a pioneer in delivering online marketplace solutions to match searchers with brands in digital media.  QuinStreet is committed to providing consumers and businesses with the information and tools they need to research, find and select the products and brands that meet their needs. CardRatings.com is a member of the company’s expert research and publishing division.

CardRatings.com innovated online credit card ratings and has been offering independent ratings and reviews of credit card offers since 1998. The website collects and maintains data on more than 700 credit card offers and carefully compiles objective lists of the top credit cards by card type, making it easy for consumers to find the right card to fit their needs.

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