Credit Project

By: Kevin Alvarado

The Basics of credit

  • Credit is the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future.

  • A credit card is a where you can borrow money from the bank but you have to pay that money back

  • You can use credit cards in store, internet, restaurants

Forms of credit

The interest charges are included in the payments. Auto loans and mortgages are examples of installment loans. Credit cards are the most common type of personal credit.installment loans, credit cards allow repeated transactions up to a maximum credit limit, also known as your available credit limit.

Costs and Benefits

In its most basic sense, credit means having the use of something before you pay for it. This ability to borrow adds flexibility to planning and makes it possible to pay for expensive items over a period of time. There are many types of credit that you can choose from, and each has its own terms and purpose.

A lot of costs are incurred in preparation of, during, and after a project.

  • Design/planning

  • Purchase of land/site

  • Demolition

  • Site preparation

  • Construction

benefits are realized from a project.

  • Live savings and/or reduced injury

  • Reductions in pollution

  • Job creation

  • Time-savings

  • Aesthetic improvement

Big image

benefits and costs of using credit cards


Price protection

your credit card may refund the difference up to a certain amount within a certain time frame of the purchase.

Extended product warranty

Paying with your credit card for big-ticket items like electronics or appliances can help you rack up rewards.


Total Cost

This is the final amount you will pay for your purchase.$1,126 $1,207 $1,427

credit cards

TFC Credit cards

  • Lower Fees than competitors
  • Lower Savings Account rates than other banks
  • More Branches per state than most national institutions


The Chase Freedom offers 5% cash back on bonus categories that change every quarter, up to $1,500 spent quarterly.

My advice of getting credit cards

my advice when getting a credit card is to always check with someone who has experience with them like some one in you family and also when picking place were you are going to get a credit card I will advice you to get either Chase or TFC because they both have some great benefits.