Credit Card

About

A payment card that allows you to borrow funds from a lender to pay for goods and services.

Key Features

• Purchase flexibility
• Build credit history
• Rewards programs (cashback, points)

Pros

• Convenient payment method
• Purchase protection
• Emergency funds

Cons

• High interest rates if not paid on time
• Potential for debt accumulation
• Fees (annual, late, over-limit)