Credit Card

By Suad Cuturic & Oscar Rivera

The Basics Of Credit

  • Credit is the borrowed money to obtain goods or service before payment, in trust that payment will be made in the future.

Vocabulary Watch

Be Aware

  • Interest: rate charged or payed for using money.
  • Credit Bureau: company that collects the credit rating from individuals
  • Credit Report: Shows your credit score and worthiness
  • Lender: Company of personal that lends you money.

What You Need To Know

Basics Of Credit Cards


  • A credit card is a card that you can use to purchase goods with money being borrowed to pay in full at the end of the month.
  • You can use credit cards almost anywhere
  • The benefits of using credit cards are rewards and money back.
  • The cost of using credit cards is paying interest on late payments.

Smart Consumers: Don't Fall Into the Credit Card Trap

Staying Safe


  • Set a budget with using a credit card
  • Begin with small purchases
  • Try your best to pay payments in full
  • Avoid penalty fees
  • Accumulate points and rewards
  • Avoid using online
  • Beware of credit fraud/theft