Credit is receiving something of value now and promising to pay it later.
Credit is personal.
Check out the Minimum Payment Calculator at Bankrate.com to find out how long it will take to pay a credit card purchase with minimum payments and what it actually cost when factoring for interest. Want to pay it faster? Enter your desired payment amount or desired months to payoff in the Credit Card Calculator and compare the savings.
https://www.annualcreditreport.com/
This is the official site to get your free annual credit reports from the three major credit reporting agencies as guaranteed by Federal law, and this is the ONLY site you should use for this purpose. You don't need to give a credit card number for this free service, so if you're being asked to enter your credit card information, pay very close attention to what site you're on and what service agreeing to pay for.
The recent pandemic lead to financial uncertainty and increased incidents of fraud. The three national credit reporting agencies are currently offering free weekly reports.
For more information on why this is important and if you should be checking your credit reports more often, check out this blog post from the Federal Trade Commission.
