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Test Your Knowledge What You Need to Know Did You Know?
Why is it important to have good credit?
a) To be eligible for a job.
b) To buy a car and get auto insurance.
c) To rent an apartment or buy a house.
d) All of the above.

in·ter·est (ǐn'trist)
A charge for borrowed money generally a percentage of the amount borrowed

Interest rates on credit cards can range from introductory 0% offers all the way into the teens and 20s.

Read any credit card applications carefully to be clear about what you're in for when the statement arrives.

Back in the day...in 1950, Diners Club was the first company to issue credit cards that could be used in multiple locations. They were given to 200 people and were only accepted by 14 restaurants in New York. The cards were not made of plastic, but paper stock with the accepting locations printed on the back.
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