Credit Scores and Credit Cards

Join our financial literacy partner Kindros for a FREE for WPI students seminar on credit scores and credit cards.

In just 40 minutes, you’ll learn:
Understanding Credit Scores:
• The Foundation: How credit scores are calculated and why they are important for financial well-being.
• The 5 Factors: A detailed look at the five key components that influence your credit score.
• Payment Power: The critical role of payment history, emphasizing the necessity of making on-time payments.
• Credit Utilization: How your balance-to-limit ratio (credit utilization) affects your score.
• Real-World Impact: An illustration of how your credit score influences your Annual Percentage Rate (APR) and subsequent monthly loan payments.

Navigating Credit Cards:
• Card Types: An overview of various credit card options, such as secured, student, cash back, and travel rewards cards.
• Making the Choice: Key considerations when selecting and applying for your first credit card.
• Best Practices: Practical tips and a review of common mistakes to avoid when using a credit card.

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