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When should you get a credit card?

Consider getting a credit card if your monthly expenditures are always comfortably below your income, and if you have a consistent history of paying your bills — like rent and utilities — on time. But getting a credit card might be unwise if you routinely overdraw your checking account or borrow money from friends and family.

What is APR?

An annual percentage rate, or APR, is a percentage that shows what it will cost you to borrow money. APR reflects both an interest rate and additional costs and fees applied to your loan or credit card balance.