The importance of building credit
By Breanna Garcia
The Basics of Credit
Credit Cards: What You Need to Know
Now they are many different kinds of credit cards , but you just have the right one for you. What is a credit card , a credit card is plastic card that lets you borrow money for the bank. I don't matter if you buying something big or small you still have to pay back within the grace period like to 25-30 days. If you don't pay back within those days then you have to pay interest is a percentage you owe the bank. You can use a credit anywhere like if you don't have cash on you to paid grocery or if you want to go on a trip to California. The pros of having a credit card are you can make a large purchase now and pay it off in smaller chunks , you can build up your credit score, which will be useful later on , and also if you don't have cash on you . The cons are you made yourself a debt if your not careful of spending and even if its a small debt its actually a big one.
The credit card being used.
The type of credit card you can choose from
The two main used credit card visa and mastecard
Shopping for Credit
The two credit card I compare are MasterCard and American Express . The annual rate of the MasterCard fee is 0% for 12 months and the regular APR is 15.42% , 19.24% , or 23.24%. For the American Express are 0% for the first 12 months then its 13.24% and 23.24% . The fee for American Express is $0 Intro Annual Fee for the first year of Card Membership, then $195.