Discover millions of ebooks, audiobooks, and so much more with a free trial

Only $11.99/month after trial. Cancel anytime.

Credit Card Risks Crash Course
Credit Card Risks Crash Course
Credit Card Risks Crash Course
Ebook27 pages21 minutes

Credit Card Risks Crash Course

Rating: 0 out of 5 stars

()

Read preview

About this ebook

A credit card happens to be one of the most contentious
products amongst all the monetary tools that are accessible.
Most people pay their expenses using credit cards. However,
the leaders and financial experts about using credit cards have
completely mixed reviews. In fact there are some who are
adamant on destroying the powers of this financial instrument.
A credit card is merely a tool and whether or not its services
are detrimental or obliging depends on how the users use this
tool. A credit card may not be something for everyone. If
someone lacks the quality of self-control or responsibility then a
credit card may not be their piece of cake.

LanguageEnglish
PublisherIntroBooks
Release dateNov 5, 2019
ISBN9781393271116

Read more from Intro Books Team

Related to Credit Card Risks Crash Course

Related ebooks

Business For You

View More

Related articles

Reviews for Credit Card Risks Crash Course

Rating: 0 out of 5 stars
0 ratings

0 ratings0 reviews

What did you think?

Tap to rate

Review must be at least 10 words

    Book preview

    Credit Card Risks Crash Course - IntroBooks Team

    Credit Card Risks

    Crash Course

    IntroBooks #412

    readintrobooks.com

    Copyright © 2017 IntroBooks

    All rights reserved.

    Preface

    A credit card happens to be one of the most contentious products amongst all the monetary tools that are accessible. Most people pay their expenses using credit cards. However, the leaders and financial experts about using credit cards have completely mixed reviews. In fact there are some who are adamant on destroying the powers of this financial instrument. A credit card is merely a tool and whether or not its services are detrimental or obliging depends on how the users use this tool. A credit card may not be something for everyone. If someone lacks the quality of self-control or responsibility then a credit card may not be their piece of cake.

    Introduction

    A credit card basically lets an individual borrow money from their bank in order to make purchases. The bank gives a limit of anywhere between 20 to 60 days. This is known as the interest free period and the bank doesn’t charge any interest on the sum that is borrowed. This sum should be returned within the said period after which interest is charged on the amount that the individual owes to the bank. If someone manages to pay a part of the debt but keeps a balance of the remaining then interest is charged on the balance amount. All cash advances don’t enjoy any free grace period and interest is applied on it. All banks issue credit cards – private and public and the rules and interest rates are different for each one. The cycle of due date and interest is quite vicious and people tend to get caught in this cycle. Non-payment or late payment tend to

    Enjoying the preview?
    Page 1 of 1