CREDIT CARD USE

Lesson 6.01

FACTSIf you do have a credit card only use it for emergencies.

Credit Card have high interest rates and other fees that

causes problems that will stay beyond your teen years.

Remember to review your credit report every year.

REASON WHY CREDIT CARDS ARE HELPFUL

The standard debit card offers zero rewards or very small

rewards.

If you sign up for the right credit card you can earn anywhere

from 1-5% back on all your purchase.

Many cards rewards work on a point system where you earn up

to five points per every dollar spent.

If you have no credit card or trying to improve your credit score

using a credit card responsibly will help your credit score a lot.

RCARDSREASONS FOR NOT USING CREDIT

Don’t use your credit card for everyday proposes.

Don’t make minimum only payments.

Don’t apply for credit cards without reading the

terms.

Don’t use credit cards for things your cant afford.

Credit Cards are very helpful

if you use them correctly.