Credit Cards

This is an example of what credit cards may look like.

• There are many types of charges you can have on a credit card. Some of them are annual fees, application fees, cash advance fee, balance transfer fee, finance charge, late fee, over-the-limit fee, APR, interest rates and return check fees.
• You can calculate your rate each month by dividing the APR by 12 
• APR's may be tied to a rate of interest  
• You have to be eighteen years old to get your first credit card without parental consent. Don't give out too many credit card applications only a few.
• You need to prove that you have a source of you own income before you will be given a credit card. The credit card company has to decide that your income is okay for you to have a credit card.
• Pros:
• convenience
• peer pressure
• rewards
• building credit
• Cons: 
• credit card debt
•  late payments
• debt
• hidden fees  
• Tips: Choose a credit card wisely, Don't keep spending just because you have the power too, be smart with what you spend. Spend only on emergencies.
• Video Link: Dave Ramsey- How to get out of debt
• Article Link: College Students and Credit Cards

You can never have too many credit cards. Yes you actually can
The less you have the better of you will be.

Sources:

1. http://credit.about.com/od/creditcardbasics/tp/credit-card-fees.htm. N.p., n.d. Web. 14 May 2013.

2. https://www.citicards.com/cards/wv/html/cm/student/credit-card-abcs/how-credit-cards-work/  

finance-charges-and-fees.html. N.p., n.d. Web. 14 May 2013.

3.http://credit.about.com/od/credit101/tp/firstcreditcard.htm. N.p., n.d. Web. 14 May 2013. 

4.http://moneymindedlearning.com/wp-content/uploads/2013/01/credit-cards.jpg. 

N.p., n.d. Web. 14 May      2013. 

5. http://blog.lendingclub.com/2008/06/03/the-pros-and-cons-of-credit-cards/.

 N.p., n.d. Web. 14 May      2013.  

6. Google, and Youtube for Images/Articles/Videos