Changing Credit Cards Could Save You Money

25 million Americans haven't changed their credit card in 10 years and have an average balance of more than five thousand dollars.
1:31 | 02/19/16

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Transcript for Changing Credit Cards Could Save You Money
X tonight the real money team is back on a Friday night with a simple question for you how long have you been using the same credit card and are you passing on free money and other deals. The simple step you can take right now without even changing your cart and here's ABC's chief business correspondent Rebecca Jarvis. Tonight a new survey revealing 25 million Americans haven't changed their go to credit card in at least a decade. Another twenty million have never changed at all now the experts say when it comes to that plastic your loyalty three but he doesn't pay. So you want to look amongst the cards that are out there and find who's offering the best deal. Current with some of the most valuable sign up bonuses today the chase sapphire preferred card the city thank you premier card and is sparkly cart. These cards can give new users between forty and 50000. Rewards points. But before you do you always check for peace and restrictions compare using sites like credit cards dot com nerd wallet and credit karma. And remember. There are always caveats to opening new credit carts that's right it could happen adverse affect your credit history if you're opening too many cards. Also it could have an adverse of that if you close cards with the longest history. So keep those cards open now the average family is now carrying more than I thousand dollars in credit card debt net heat. Is to pay it off don't let these credit card offers entice you to rack up more debt because. That David will be counter effect but when two paid off keep the card but to gap helps to credit rating all right Rebecca.

This transcript has been automatically generated and may not be 100% accurate.

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