What are three advantages of using a credit card? Can you think of any disadvantages?
Answer to relevant QuestionsHow does the interest rate affect your credit payments? What is meant by simple interest? What is the annual percentage rate (APR), and when is it used? Discuss some ways that charging large amounts on your credit cards might affect your overall financial planning. What is a credit limit? How can you increase your credit limit? Chrissy currently has a credit card that charges 15% interest. She usually carries a balance of about $ 500. What will her total annual interest be with her current card? If Brad’s stocks double in value over the next five years, what annual return would he realize? Based on his projected annualized return, would it be advisable to sell the stocks to pay off his credit card? Should Brad ...
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