Credit and types of Credit
Credit Card's:What you need to know
A credit card is a card that identifies a person as entitled to have merchandise or services billed on a charge account and it has annual fees and over the limit fees which must be paid. The interest rate is how much you need to pay for using the credit card.You can often times receive perks, use them when you don't have cash, and gain good credit by using them and paying them off. Pay your penalty fees before continuing to use your credit card.But be aware that credit cards have their limits and there is only so much you can pay with it.
Renting instead of paying a mortgage and paying credit card bills on time are great ways to good credit.Always pay all your bills on time