credit cards（用英语解释credit card）

本文目录

• 用英语解释credit card
• 高中英语作文：The use of credit cards

用英语解释credit card

As mentioned in an early article, there are two types of credit cards: secured and unsecured. This article will explore some of the issues of secured credit cards.What is a secured credit card?A secured card is a credit card that requires you to deposit a certain amount of money into a savings account, money market account, or certificate of deposit. The minimum amount usually ranges between $200 and $500 but this will vary from one company to another. Your deposit is considered your security and some card issuers will even allow the deposit to earn interest. The amount that you deposit into the account is your credit limit. You should understand that sometimes the limit will be for the full amount that you put into the account but with some companies your limit may be a percentage of the total amount that you deposited.A secured credit card is not a debit card. This is important to understand because if full payments are not made each month, interest will be charged on the outstanding balance.Who should consider using secured credit cards?If you have no credit history at all, using a secured credit card can be a good way to begin establishing your credit. Many young people who are just starting out may choose this as an option.If you have bad credit, you may wish to use a secured credit card to help you improve your credit score. In addition, a secured credit card may be the only source you will have for obtaining a credit card. There are some transactions that require the use of a credit card. This might include car rentals or hotel reservations. If you need to make those types of transactions and cannot get an unsecured credit card, this might be the only way you can get a true credit card. What to look for in a secured credit card:Interest Rate: Do not be fooled into thinking that because you have no credit history or a bad credit report that you have to settle for exorbitant interest rates. Make it a point to shop around for the lowest rates that you qualify for before you apply for a secured credit card.Fees: Pay close attention to any fees that will be charged to you or to your account once it is opened. There are some companies that will charge ridiculously high fees that will reduce your initial deposit before you even use the card. Stay away from those companies. Look for companies that have no fees whatsoever or for those companies that charge a small one-time fee to set up the account. Annual fees for attractive secured cards typically range from $20-$35. Scams: It is sad to say that there are companies out there who are in the business of ripping people off. They prey on the vulnerability of those who may be in a credit crunch. Some of the things they do include promises of getting you "quick credit" for a price. Another popular scam is to ask you to call a 900 phone number for "secrets" to getting a credit card or credit repair. Your phone company will charge you a high rate for using a 900 number and you never get the information that was offered.

高中英语作文：The use of credit cards

　　As the economy is developing so rapidly, people’s attitude towards life is changing at the same time. Credit cards are becoming more and more popular. but what advantages and disadvantages do they have? 　　Firstly, it is quite convenient ant safe for us to use a credit card. Cash-stolen does not exist in this way. People now take a card instead of a heavy purse wherever they go. Secondly, credit cards represent great honour. People using credit cards shows his special identity and draw others attention. 　　On the other hand, credit cards are not always that good. Credit cards can lead to overspending somehow. People pay more than they have and then get busy paying off. Furthermore the credit card cheating happens more often. 　　In my opinion, credit cards do good in our life. But we should use them carefully. Only when used credit cards properly can make contribution to a more convenient and safer life.