Interest rates: The amount that is charged as an annual percentage rate. It's like a rental or leasing charge, that you pay back to the company or bank.
APR: The actual yearly cost funds over time of a loan like a credit card.
Late Fees: A fee if you don't pay the money back on time.
Over charge: When you borrow to much money from your loan.
How to apply for a credit card:
- research about credit card plans, and different interest rates and APR's
- fill out paper application for credit card
- apply on phone
- apply online
- compare features
- apply for multiple credit card plans
- fill in details and double-check information
- make a choice and pick one credit card
- Earlier consumption
- convenience
- use for emergencies
- establishment of a good credit history
- use of goods while paying for them
Why should I not get a credit card?
- costs more if unpaid balance is not paid monthly
- ties up for future
- tempts to overspend
- decrease future buying power
Tips for credit card users
- set a budget
- pay on time
- don't go over your limit
No comments:
Post a Comment