Using credit cards responsibly

This course educates prospective and current cardholders on credit card fundamentals, along with tips and strategies for wise credit card management.

Course overview

LENGTH

20 mins.

INCLUDED

  • Personalized course setup
  • 12 mins. of on-demand video
  • 2 interactive exercises
  • Quizzes with immediate feedback
  • Personalized action plan and certificate

More about this course

Credit card ownership comes with great responsibility—and losing sight of that responsibility can have repercussions. In this course, we'll start with the costs and benefits of consumer credit to help you assess whether you are ready for a credit card. To prepare you for ownership, we'll explain how credit cards work and break down terminology you should be familiar with when evaluating credit card agreements. You'll also learn strategies for managing your credit cards on a daily and monthly basis, coupled with an interactive exercise to help you estimate how long it would take you to pay off any current credit card debt. Finally, we'll cover the ugly side of poor credit card management by discussing the risks involved, the effect your credit use has on your credit score, and how to recognize the warning signs of excessive consumer debt.

What you'll learn

Why and whether you need a credit card
Credit card terminology
How credit cards work
Perks of having a credit card
Risks involved when using credit cards
The warning signs of excessive consumer debt
How credit card use is changing
How to read the Schumer box
How credit card companies make money
How to manage credit card payments
How credit card use affects your credit score