So you want a Credit Card?

Helpful tips to help get you started

First off...What is Credit??

Credit is the ability to borrow money in return for a promise of future payment. In other words take some now and pay it back later.

Credit can take on many forms such as a loan or a credit card.

The In's and Out's of Credit

some words to know

some common words to know when considering your credit are

  • credit score- numerical expression based on a statistical analysis of a person's credit files
  • credit report- a negative record of an individual's or company's past borrowing and repaying
  • creditworthiness- Having an acceptable credit rating
  • Interest-
  • (APR)- Annual percentage rate. It's the cost of your credit expressed as an annual rate

Credit Cards- what you need to know

The Credit card Q & A


Q: What is a credit card?

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


Q:Where can you use credit cards?

A: Credit cards are generally accepted in any store that offers any goods or services.


Q:What are the benefits and costs of using a credit card?

A: Credit cards are an easier way to pay for things so that you don't have to walk around with cash in your pocket.