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Retirement Weekly

Retirees’ 4 biggest credit card misconceptions

Credit cards are essential to many retirees but they’ve become much more complicated. Here are the most common points of confusion.

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​How can something so common be so misunderstood?

Credit cards are everywhere. Today, 76% of U.S. consumers own at least one—and 31% have four or more. Despite this, credit cards are still misunderstood by many retirees, even though they’ve been using them almost their entire lives.

What’s at stake is the potential loss of hundreds of dollars...