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We believe it is important for consumers to stay up to date on important financial-related issues.

Build knowledge, security and confidence using the "Money Smart" Financial Education Center.

Financial Education

Charge It Right

Using a credit card can be both a convenience and a necessity. However, many people get into trouble by not using a credit card wisely.

Credit cards are a convenient form of borrowing. People generally use credit cards to purchase goods and services. Credit cards represent a revolving line of credit. This means you can make an unlimited number of purchases, up to a pre-approved dollar limit. You must pay a portion of the balance every month.

Before you decide to apply for a credit card, decide what it will be used for. Keep in mind a credit card is not free money. It is a loan you must repay. When you decide to apply for a credit card, it is very important to read all disclosures and understand the terms of your credit card agreement.

When you have completed this course, you will be able to describe the costs and benefits of using a credit card. You will know:

  The characteristics of a credit card
  The costs of using a credit card
  How to recognize potential problems with credit card use