Credit is not better then cash Boi

What is credit?

The ability to obtain goods or services before payment, based on the trust that payment will be made in the future and it gives the user a personal loan.

What are the forms of credit?

Bank credit, trade credit , investment credit, public credit, real estate

What costs are associated with credit?

Paying the minimum balance every month and if you don't pay then they will charge you 4% APR.

What determines if someone gets credit and how much they get?

A specific formula is used to determine the score, and it's based on whether the person pays bills on time, how much debt he or she has, the length of his or her credit history, how many new accounts the person has, and the diversity of the credit accounts. The credit score is between 350-850.


What is a credit card?

A plastic card issued by a bank, business, etc. for the purchase of goods or services on credit.

Where can you use credit cards?

Credit cards are largely accepted by stores, restaurants, gas stations, online shops, hotels, airlines, hospitals – i.e. all kinds of businesses, one might think that credit cards are to be used absolutely everywhere but their not. Only some places don't accept credit cards like pawn shops.

What are the benefits and costs of using credit cards?

offer enormous advantages over other methods of payment. Although the danger of overspending with a credit card and running up major interest charges exists, those cardholders who use their credit card wisely can experience major benefits. That goes for even those credit cards that do not offer cash back, frequent fewer miles, or other reward programs.