Credit Cards

-Credit- is a bank that lends an individual money and trusts they will pay it back

-Minimum Payment- is the minimum amount of a credit card bill that must be paid

-Due date- is the date payment is due

-Late payment fee- is a fee charged when a cardholder does not make the minimum payment by the due date

-Credit Line- is the maximum amount of money that can be charged to a credit card

-Debit Card- is a plastic card that is electronically connected to an individual's bank account

-Blue or Black pen should be the color you used to write checks

-Always check credit card statement to make sure there are no false purchases on the account

-develop a habit of tearing up any credit card offers or credit cards received in the mail

-report lost or stolen credit cards promptly.

-if you have a credit card in your wallet that you do not use anymore, you could call and cancel it