CHASE - CREDITCARDS

Tips On Choosing A Credit Card
When you are considering a credit card, the first step is to think about how you intend to use it.

Understanding APR
The annual percentage rate or APR on your credit card is the interest rate used to calculate your finance charges on the amount you owe. Your monthly credit card statement lists the APR each month.

Understanding Finance Charges and Payment Allocations
The finance charge is the amount you pay to use credit. The method used to calcuate the finance charge can make a big difference in your cost of credit. It is also important to understand how your payments are applied to your balance.

Understanding Grace Periods, Minimum Payments, Paying on Time, and Credit Limits
A grace period, or “free ride” period, is the number of days you have to pay your bill in full without incurring a finance charge. Other important items to understand includ minimum payments, paying on time, and credit limits.

Understanding Your Credit Report and Score
A credit report is issued by a credit bureau or credit-reporting agency. It is the official record of your credit history—how much money you owe to your creditors, how you repay your debts, and other information related to your finances.

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