For years, money expert Clark Howard has consistently warned against doing business with the big banks.
His laundry list of problems with them is extensive, but his main complaints include:
That’s why he generally recommends opting for a credit union or an online bank to facilitate your savings and day-to-day banking needs.
But what about credit cards?
I recently chatted with Clark on this topic to gain some clarity. And his stance on using a credit card from a big bank may surprise you.
Clark hates big banks, but that doesn’t mean he believes you should skip on their credit card offers.
Between the rewards programs, welcome bonus offers, 0% intro APR periods, and bonus points for spending on things like travel, you are likely to find that a big bank-backed credit card may be the best option for your wallet. And Clark says that’s OK!
“I am not as worried about people having a …