Issa-Eugenio-Nguyen


 * __Glossary__**


 * Annual Fee- yearly fee
 * Annual Percentage Rate (APR)- % for the year
 * Average Daily Balance-An average daily balance is determined by adding each day's balance and then dividing that total by the number of days in a billing cycle.
 * Balance- minnimum
 * Billing Cycle- time when they bill you

The five terms I choose are: Annual Fee, Annual Percentage Rate (ARP), Average Daily Balance, Balance, and Billing Cycle. Annual Fee is a yearly fee you must pay in order to use the credit card. ARP is the percentage rate you must pay for per year on your credit card. Average daily balance is by adding all the balance together each day and dividing it by the number of days. Balance is the minimum payment you must pay. Billing cycle is the time they will bill you and the time you use to save up the money to pay that minimum balance. –Nguyen

Even though the positives of having a credit card can outweigh the cost, many people especially college student still find themselves in the credit card mess. There are many tips to protect your credit from falling. Tip #1: Buy items that you can pay for. Even though paying $20 a month for an ipod seems easy and takes only a small chunk out of your paycheck, by buying more items the amount you will owe will exceed what you can afford. Tip #2: Do not pay late or a skip a payment all together. It can really damage your trust with lenders and it will be very hard to remove from your credit history. Tip # 3: Use only one credit, at most two. -Nguyen