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Answer Quiz

Tips on using your credit card

How do you use your credit card without going over your limit?

Your card usually comes with a limit that is 2-3x of your salary. There are also interest charges that may be imposed on your principal amount and accumulated interest.

In this video, you will learn about the costs and consequences of using credit cards, as well as tips on using credit cards so that you can avoid high interest rates and penalties, defaulting on your payment, or even debt and bankruptcy.

A credit card is useful for making cashless transactions, but be cautious with how you use it.



Lesson Quiz

A credit card is issued based on the salary of an applicant. What is the multiplier that is usually given for a credit card limit?