credit |
Take charge |
A credit card is a plastic card that holds pre-approved credit. Which means you can purchase now and pay later.
Whereas a debit card is electronically connected to an account that holds the account holder's money.
Whereas a debit card is electronically connected to an account that holds the account holder's money.
Credit Card UseDo
Credit Card Statements |
Credit Limit: maximum amount of money that can be charged on the card
Interest: the price of money-when referring to credit, interest is the charge for borrowing money Annual Percentage Rate (APR): interest rate charged on a credit card, the lower the better Penalty APR: higher interest rate charged on new transactions Minimum Payment: minimum amount of a credit card bill that must be paid every month Late Payment Fee: charged when the minimum payment is not made by the date Over the Limit Fee: charged if the amount of transactions goes over credit limit Using a credit cardAdvantages
Getting a Credit Card
Restrictions: Must be 21 unless you have a cosigner |
Some things included on a statement:
Credit Card safety tips
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If you aren't sure on how credit cards work...the video above gives you good tips on paying your credit card bill.
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