1. The Credit Card

2. What is a credit card? A credit card is a piece of plastic that’s a source of payment you have to pay back. Basically it’s a little bank that you carry in your pocket.

3. When you score your first credit card

4. How Is It Used? Great question, scholar. In order to use a credit card, one must take the card out and swipe it down a card reader. Do not be fooled- this is a tedious task that only the clever can figure out.

5. As you may know, credit cards can be used to purchase ANYTHING...except lottery tickets, illegal substances and your mother’s love, unless, of course, she has a card reader.

6. When you see your credit card bill... Hey over spender! Your bill is the aftermath of your crazy weekend in Las Vegas...time to pay up!

7. Advantages Helps you keep track of your expenses by keeping your receipt and checking it against your monthly statement It’s good in an emergency If stolen your card can easily be traced and cut off, unlike cash.

8. If you are a crazy spender you can crash your credit score because of it. It can be easily stolen. High interest rates and fees that add to your balance. Risks

9. How to get your very own Credit Card! First, in order to get a credit card, you have to be 18+ Not only is your age important, but how responsible you are is too.

10. How to get your very own Credit Card! Responsibility comes into play by paying off your bills on time. If you pay them on time, people will like you more

11. Interest Rate Proportion of the loan charged as interest to the borrower usually expressed in a percent. The more you charge, the higher the interest payment will be until paid off. Interest compound...the amount of interest accumulates, making the balance bigger.

12. Fees A annual fee is charged automatically to your card once a year.This can range anywhere from $15 to $500. There are also late payment fees for paying after your due date. These can be assessed monthly if you do not pay on time.

13. Credit Score Credit scores are determined on these five categories: payment history 35% amounts owed 30% length of credit history 15% new credit 10% types of credit used 10%

14. Credit Score Paying off your bills, keeping a zero or lower balance, and keeping up with payments will give you a better score. The less you pay the worse your credit score will be. Be On Time With Payments!!!

15. Credit cards might seem fun but always remember to...