Task · part of 7. Borrowing, and what it costs
7(c). Charge, debit and credit cards
Required
How they differ, what they cost, the traps in each, and why paying only the minimum on a credit card is a bad idea.
Notes and warnings
Note. This part names the pitfalls specifically, including why paying only the minimum on a credit card is unwise. It is worth being able to say what the number actually does over time rather than that it is generally a bad idea.
Where this step comes from
- Personal Management Merit Badge Requirements (Merit Badge Hub, last modified 2025-09-19), Requirement 7(c)