1. Credit Cards and Teenagers Companies have made it very easy for teenagers to get credit cards by mail and by phone. Teens recount their experiences with credit cards. In college, students get more credit card offers.
2. The First Credit Card Many companies try to get students to choose them for their first credit card knowing they will have it for a long time. Students should look for the best offer and rates, not free gifts.
3. The Purpose of Credit Cards There are some good reasons to have a credit card. These include emergencies, convenience, and safety, and establishing a credit history.
4. Credit Card Cautions Two good reasons not to have a credit card are inability to make the payments or control spending. It is important to have a regular budget.
5. How Does a Credit Card Work? A credit card works like a loan. The credit card company pays the business and you pay the credit card company. Credit cards also charge annual fees and interest.
6. Paying Off Credit Cards It is important to read the entire application. Interest rates and payment amounts determine the time needed take to pay off a credit card.
7. Additional Fees Other credit card fees include cash advance fees, late fees, and over limit fees.
8. How To Keep a Credit Card Safe? It is important to safeguard credit cards; report stolen cards immediately, keep track of receipts. and be very careful whom you give their credit card number to.
9. How To Stop Charging on Credit Cards Ways to control credit card use include not carrying them, have another person keep them, pay only with cash, cancel cards, and request lower limits.
10. What To Do If You Max Out Credit Cards If a person is having trouble with credit cards, they should call the card company or see a credit counselor. It is important to be responsible from the first time you get a credit card.