The Basics of Credit
Penalty Fees-additional fee due to late payment, over credit limit, returned payment, etc.and could increase you interest.
APR- annual percentage rate or interest you have to pay for credit
Basics of Credit Cards
Don't Fall Into The Trap
1. Pay your credit card bills on time, if you don't you will have to pay a late fee,
2. If you can't control your spendings, make a budget for yourself before it gets out of control.
3.The main 3 things you should be using your credit card for is your house, car, and schooling.
4. If you know you're over the limit, don't spend anymore money. They'll charge you extra.