Credit Card(2)

Hello friend, today I will add some information about the credit card. Before this post I already explain about the credit card, and now I will add more information about credit card. First is APR. what is APR?. The basic definition of an APR: It's an annual percentage rate of interest a credit card holder will be charged on all or a portion of the balance if the full amount isn't paid on or before the due date. So if you pay it late you will pay more than you have to pay.

Next you cant use credit card if your use more than limit of credit card. If your limit is 5 millions each month, so you cant use credit card to buy something if your transaction that use credit card more than 5 milions. You cant use it just in that period. After that period you can use it again based on your credit card limit.

Then don’t think you certainly accept if you want to make credit card. Because you must have a good capital, character and capacity. That factors affects if you want to make credit card. If you not comply that factors, im not sure if you accept to make credit card.

Last  I recommend that your pay for credit card no exceed 20% of your year income. Because it can make you difficult to manage you money. But it just suggestion. That is based on you.