Wouldn't It Be Nice...: Credit Cards

What are some of the charges on credit cards?
Finance Charge: The finance charge is an interest fee charged on revolving credit accounts. Finance charges are calculated using the APR and the balance.
APR: (Annual Percentage Rate) It is a finance charge expressed as an annual rate.
Late Fees: When you are late on your payments, it comes at a price. Depending on how much you own, they decided how much your fee will be.
Over Charge: When you over charge on your card and pass over your limit the credit card company set you up with. So you get charged.

How do you apply for a credit card?

To apply for a credit card, first you must find the place you want to get your credit card from. Then, make sure you have a GOOD CREDIT SCORE...or in a younger persons spot, make sure you have a credit score in general. Now is the time, you would go to your bank, or what ever company you are looking into for applying for a card, and having them decided on what your APR would be, and your limit, you know...so then in the end you can decide if you like what they're offering you as your cards..for shortage of words.. "benefits". But it's not really benefits, those would be more like... your rates and stuff. See, now it's getting complicated.

What are the Pros and Cons of owning a credit card?
PROS:

Earlier Consumption
Convenience
Use for emergencies
Establishment of a GOOD credit history
Consolidation of debts
Benefits

CONS:

Costs more, if unpaid balance is not paid monthly
Ties up future income (Buying now, Paying later)
Tempts to overspend

When owning a credit card, three things you should always keep in mind are, always pay as much as you can right now, so when interest is charged, not as much is put on because you paid a good amount. So always try to pay more then the suggested amount. Then, make sure you know that in the future, you won't struggle to pay it off. Don't charge too big of amounts. Lastly, remember, it's not your money yet, but when it is, you're paying MORE then you were actually spending at the time. (Unless of course you pay it all off before any interest can be charged.)