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