Credit Cards

Advantages-

  • Convenience
  • Record keeping
  • Instant cash
  • Purchase Protection

Disadvantages-

  • Overuse
  • Paperwork
  • Unexpected fees
  • Debt

Precautions to take when using a credit card

  • Save receipts
  • Carry only the cards that you need
  • Never lend your card to anyone
  • Always make sure your credit is right and not false
  • Pay your payments on your card

Fun Facts

  • The average American household with at least one credit card has around $15,950 worth of debt

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