Credit cards are small, plastic cards that consumers can use as payment. With credit cards, people are able to purchase goods and services. Money accumulated will keep adding up. Some charges associated with credit cards are interest rates, APR, late fees, and over charge. If the bill is not paid fully at the end of the month, you will have to still pay off the remaining amount at some point, which can add up to be a lot of money at the end of the year. APR is the annual percentage rate. It is the the rate of interest for the whole year. Late fees are given to people who have not paid the full amount in the certain amount of time. Over charge is when you spend more then how much money you do have in your credit account.
How to apply:
- You must first choose a company.
- Then the steps are laid out for you to follow
Pros and Cons:
Pros:
- Can spend more money than you have
- can receive rewards
- can build up good credit
Cons:
Tips people should know:
- Credit cards are good ways to buy things
- Be smart with making decisions when spending
- Pay full amount of bill at the end of every month
NEWS ARTICLE:
http://www.naturalnews.com/024365_credit_card_store_groceries.html
VIDEOS:
http://cnn.com/video/?/video/business/2011/05/09/help.desk.credit.cards.cnn
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