Why Is It Important To Use Credit Responsibly? It is important to get in the habit of using credit responsibly. … Being responsible with your credit means living within your means and not spending beyond what you can afford. When you use your credit card, keep an index card in your wallet and write down
What You Should Be Aware Of When Getting A Credit Card? Annual Percentage Rate (APR). This is the cost of borrowing on the card, if you don’t pay the whole balance off each month. … minimum repayment. … annual fee. … charges. … introductory interest rates. … loyalty points or rewards. … cash back. What
What Do You Know About Credit? Credit is the ability to borrow money or access goods or services with the understanding that you’ll pay later. … To the extent that creditors consider you worthy of their trust, you are said to be creditworthy, or to have “good credit.” How do you explain credit? Let’s start