Considering credit over cash

Considering credit over cash? Credit cards can be a convenient and flexible form of payment, but they have to be used responsibly in order to make the most of your money. Though credit cards allow you to purchase items instantly without using cash, it’s important to use your cards as carefully as you would handle your cash.

Before getting a credit card get your credit report and score for better visibility on your credit history and credit worthiness which will in turn empower you to make smarter decisions about your current and future finances.

Before choosing a credit card, take time to understand its features and how it can affect your credit score.

Quick Quiz

Before exploring more about credit, test your existing knowledge with this short quiz. Discover how much you already know about credit cards and credit history and learn how you can improve. Then, take advantage of informative resources tailored to your results.

What three main factors are used to calculate your credit score?

A. Your income, debt and monthly expenses

B. Your payment history, money owed and credit history

C. Your earning potential, income taxes and monthly expenses

D. Your payment history, annual income and total debt

What does a credit score help a lender determine?

A. How much money you owe

B. Your monthly income

C. Your savings rate

D. Your reliably to pay back money you owe

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