Workshop Five

Lesson 5: Responsible Use of Credit Cards

🎥 Watch the lesson video below. The quiz will unlock once 95% of the video has been watched.

📘Read What You’ll Learn Before Watching The Lesson

Credit cards are powerful financial tools when used wisely — but they can quickly become traps if used carelessly. This lesson teaches you how to manage spending, avoid interest, and build a strong credit profile by using credit cards responsibly.

You’ll learn how to keep balances low, pay on time, understand your statements, and avoid common pitfalls like minimum payments and unnecessary fees.

  • Learn how credit cards affect your credit score.
  • Understand how to avoid interest charges and late fees.
  • Discover how responsible use builds long-term credit strength.
🔒 The quiz will unlock once 95% of the video has been watched.

🎯 Quiz: Responsible Use of Credit Cards

1. What’s the best way to use a credit card responsibly?

2. What happens if you only make the minimum payment?

3. What should you do if you can’t pay your bill on time?

4. What is credit utilization?

5. What is a good credit utilization rate to maintain?

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