Credit Cards

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Credit Cards

• Craig Sakamoto
• 5/24/04

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(No Transcript)
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• What is credit
• How Credit cards work
• How Credit Companies make money
• Steps to maintaining good Credit

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What is credit

• Reputation
• Proof of payment
• Risk level
• Credit history
• Loans, Mortgages
• Credit Card use

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How Credit Cards Work
Previous Balance
Payment
Interest
-______________
______________ New Balance
Charges Made
Ending Balance
Charges Made
______________ Balance
Balance
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Credit Card Policies

• Credit Limit
• APR
• Additional Bonuses

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How they make money

• Interest Rates
• Other Fees
• Cash Advances
• Late Charges
• Grace Periods

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Handling Credit

• Were Targets
• Moderation
• Pay in Full
• Pay on time

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Credit Cards

• Craig Sakamoto
• 5/24/04