Credit cards are a useful tool for establishing credit and a credit score at an early age, but because they typically charge higher interest rates, they should be paid off monthly when possible.

Authors

• Person: Not available Organization: RBC Wealth Management
  Six financial literacy principles - RBC Wealth Management

Sources

• Six financial literacy principles - RBC Wealth Management www.rbcwealthmanagement.com RBC Wealth Management via serper

Referenced by nodes (3)

• credit score concept
• credit cards concept
• interest rates concept