Who needs a Credit
Card?
You might need one! Yes, credit cards can be convenient but there is
another reason you might decide to have one. The reason is that credit cards can also be important
for anyone who might want to finance*
a home or a car or borrow money to
start a business. How can having a credit
card help you do all this? By helping you build a credit history-a
record of how well you pay your bills. If you have never used credit
in the United States, you may not have a credit history. This can hurt
you when you want to borrow money from a bank or loan company- also called
lenders or
creditors.
*finance means to pay over time. You can pay for something over time using a credit card or by borrowing the money from a bank or other lender.