Credit Card Benefits

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May, 2023

Credit cards enable cashless purchases on credit.

The issuer pays the merchant, and you repay the debt later.

Credit cards have a predetermined borrowing limit.

Use credit cards for online, in-store, or phone purchases.

Statements show all transactions during the billing cycle.

Interest is charged on unpaid balances if not paid in full.

Some cards offer rewards like points, cashback, or miles.

Make minimum payments to avoid fees and penalties.

Proper card management builds a positive credit history.

Timely payments benefit future financial endeavors.

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