You will now need to do a little research on different credit cards. Credit cards have benefits and disadvantages to them. If you are good with your money and can handle paying bills on a regular basis then a credit card could be a very good thing for you. It will help you establish a strong credit score which tells banks and money lenders if you are a high or low risk to lend money. A credit rating is difficult to establish when you are young so credit cards are an easy way to establish a good credit score, if you are responsible with your money. If you don't make payments on the amount owing or spend money that you won't be able to pay off later on it could cause you serious problems in the future with banks. For this assignment you will need to research 3 different kinds of credit cards.
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Your task in this section will be to discover the difference between buying something with a traditional credit card, that you researched earlier, or buying something through a store credit card. Store credit cards are only able to be used at the specific store you get it from. In order to find a store that offers this kind of credit, you will need to look for items at very large retail stores. This is mainly because they can afford to let people take their time in paying back the cost of items.
On the second part of the assignment sheet you downloaded there is a section for buying an item with a store credit card. Read through it to fully understand how to complete the assignment. You need to find a television to purchase for at least $1500. You will then look at the websites below to learn about their store offers or promotions. Make sure you confirm that they have an offer before you find an item from their store. Scroll down for links to sites that offer some store credit cards. |