Credit Cards

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A credit card represents

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A Line Of Credit

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A line of credit is?

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A set amount of money that you are allowed to borrow

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Falling into serious credit card debt

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Can easily occur and happens to millions of Americans

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The way you can stay out of credit card debt is: By limiting the number of credit cards you have, Don't buy anything you can't afford, By keeping track of your balance.

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All of the above

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The advantage of a credit card is the

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Purchase protections, Recorder keeping ability, Lost or stolen safeguards.

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The main reason why people fall into serious credit card debt is

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Irresponsible spending habits

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When shopping around to obtain a credit card, it is important to make sure it has

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Low interest rates and low fees

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When you have a credit card you should

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Only buy what you can afford

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A fee that you have to pay every year for using the credit card

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Annual Fee

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This fee occurs when you buy something in another country

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Foreign Transaction Fee