You are allowed to pay for credit-card purchases in two ways:
full payment within a grace period of about a month, for which there is no interest fee or
extended payments over a number of months, for which there are interest fees and charges.
In many cases there is also an annual fee charged for the privilege of having the card.
- Do you really need to use it?
- Ask about the interest rate, terms and conditions.
- Can you really afford the monthly payments?
- Use your credit card responsibly. Be ĠEMMA!