Do millionaires use credit cards? Yes, and so should you.

If you use a credit card, you’re more like millionaires than you may think. Although most adults have credit cards, millionaires are even more likely to use them. According to the Federal Reserve, almost all adults with incomes over $100,000 have a credit card in their name.

But if millionaires are so wealthy, why do they rely on credit? Credit cards provide plenty of benefits, even for the super-rich. And you can take advantage of those benefits too, even if you don’t have a seven-figure net worth.

Kat Tretina | Yahoo Finance

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