Students and Credit Cards
The good,the bad, the confusing
Pros of Credit Cards
- can use everywhere
- Boost your purchasing power
- Easy recording of expenses
- You can use them whenever you want
Cons of Credit Cards
- There is a credit limit
- Fraud is always a possibilities
- There is Interest
- The Card can be easy to lose
Important Terms
APR- your annual percentage rate and how much money you spend
Credit History- how good you are at paying back money that you borrowed
Credit Score- how much money you are allowed to borrow