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Financial Literacy

Financial Literacy

Home Financial Literacy Credit and Debit Clive Clueless' New Credit Card

Clive Clueless' New Credit Card

• 18% APR (Annualized Percentage Rate)

• No annual fee (The fee a bank charges for someone to have a credit card; like a membership fee, you pay it whether you use it or not.)

• $3,000 credit limit, kinda high but the bank was having a special “sale” on money.

• Because he’s under 21, he had to have his parents co-sign (so THEY are on the hook if he ends up being a deadbeat).

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