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
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.
Purchase of land/site
benefits are realized from a project.
Live savings and/or reduced injury
Reductions in pollution
benefits and costs of using credit cards
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.
This is the final amount you will pay for your purchase.$1,126 $1,207 $1,427
- 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.