Billions of your dollars. Credit holds hidden costs. Finance charges and interest add substantially to the cost of your purchase, as do late-payment penalties. Credit enables you to take advantage of a good deal. Only if you are able to pay your credit card balance each month does it make sense to buy bargains.
Credit helps establish a favorable credit rating.
Married women should establish credit in their own name, not just their husband's. Beware of low-interest deals. Companies might offer to consolidate all your debt at a low interest rate for a few months. The APR is how much interest your credit card company charges you. But many companies calculate interest based on the effective rate , which is the rate after they factor in the finances charges.