4.3.14 Summary of key messages

From: Financial Consumer Agency of Canada

  • Credit cards offer many benefits, but they can become a problem if used irresponsibly.
  • When applying for a credit card, make sure you understand the agreement, including the interest rate you will be charged, any fees and when you will be expected to pay.
  • Compare the features of different cards to choose the best one for you.
  • Don't charge more than you can repay.
  • Pay your credit card bills in full and on time.
  • Read your monthly statement and question anything that appears incorrect.
  • Take steps to protect yourself from credit card fraud.

At the end of the module, you will find an Action plan. This is a tool that you can use to track your progress and take the next steps to manage credit successfully in the future. Use the action plan as a roadmap for financial action!

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