Credit cards are one of the most popular forms of payment for goods and services.
Credit cards are processed over the internet using payment processing companies, which charge sellers a fee for processing transactions.
The credit card issuer makes money by charging you interest for loaning you money. There is a 21-day grace period where no interest is charged.
- Help you build credit. - Convenience and Flexibility - Buy now. Pay later. - Rewards.
- Overspending and debt. - High-interest rates. - Caps on rewards. - Harmful when not used responsibly.
New users are often drawn to credit cards due to their enticing rewards or widespread popularity. However, credit cards can make or break your financial future.
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