1. CREDIT CARDS CALM 20

2. What is a Credit Card? A credit card can be a convenient way to pay for almost anything, from a new pair of shoes to a holiday in the sun. But it’s important to remember that a credit card is a type of loan. When you spend on a credit card you are essentially borrowing money – and if your debts get out of hand you could end up in big trouble.

3. How does a Credit Card Work? When you apply for a credit card, you apply to borrow money from the card issuer, usually a bank The bank will set a credit limit, which is the maximum amount you can spend on the card. The card company will send you a statement every month, detailing the transactions on the card, plus the amount owing. It should also give the minimum payment and the payment due date.

4. Looking at Credit Card Options http://itools-ioutils.fcac-acfc.gc.ca/STCV-OSVC/ccst-oscc- eng.aspx http://itools-ioutils.fcac-acfc.gc.ca/STCV-OSVC/ccst-oscc- eng.aspx

5. What are some positives of Credit Cards? On one side, there are positives: They are convenient. It’s safer than carrying cash. You’re covered in an emergency. You have a record of all your purchases. If you pay off the balance every month, they help you build a good credit score.build a good credit score.

6. What are some Credit Card Dangers? They are too convenient. It’s hard to remember how much you spend until you receive a bill at the end of the month. They can damage your credit score if you don’t pay them off every month. http://itools-ioutils.fcac-acfc.gc.ca/CCPC-CPCC/CCPC-CPCC- eng.aspx http://itools-ioutils.fcac-acfc.gc.ca/CCPC-CPCC/CCPC-CPCC- eng.aspx How can we avoid these dangers?