Personal Finance: Using Credit Cards — Flashcards | Financial Literacy | FatSkills

Personal Finance: Using Credit Cards — Flashcards

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Wise ways to use a Credit card are:
Pay off your balance every month. 
Use the card for needs, not wants.
Never skip a payment. 
Use the credit card as a budgeting tool. 
Use a rewards card.
Stay under 30% of your total credit limit.

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Taking a cash advance on your credit card for daily living expenses may not be a wise financial decision because interest begins on the cash advance balance amount immediately.
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