Ever feel like you're just keeping your head above water in the big financial sea? I've had those days, and trust me, it's tough. That's why I decided to try the Empower Credit Card. Before I get into the nitty-gritty, let me tell you about five key terms that are a big deal in this game.
Number one: your credit score.
Four: those sweet introductory offers.
And five: financial education.
Number one: your credit score.
Prior to obtaining the Empower Card, my credit score was all over the map. It's like an educational assessment for how you handle money, and it's a big deal when you're trying to get a card.
I got my improve by paying off my lendings and not using my credit card too much. The average credit rating in the United States is 711, but I aimed for more. It was totally worthwhile!
Two: your credit limit.
Once I got the Empower credit card, I was pumped to see how much I could lend. That's your credit line, and it's based on your rating and record.
I played it wise, making little purchases and paying them off every month. It helped my rating and kept me from going excessively. Turns out, the typical credit limit is $6,194.
Three: cashback rewards.
The Empower credit card's money return is excellent. It's as if receiving money for purchaseping, and it really adds up.
I get rewards for everything from food purchaseping to eating out. It's like a reward for expenditure, and the average percentage is about 1. 5%.
Four: those sweet introductory offers.
When I signed up for the Empower Card, I loved the exclusive offers they offer new members, like interest-free period or additional cash rewards.
I used those deals to save a little money and make the most of my card. Many card companies, like 85% according to CreditCards. Com, provide these incentives.
And five: financial education.
The Empower Card is great for learning about money. They give me tools and info to help me manage my finances better.
I learned about spending planing, saving, and investing, which made me feel way more confident with my finances. But here's a stat: a mere 34% of Americans have a spending plan, according to the National Foundation for Financial Counseling.