3 things to never do with a credit card
By TED-Ed
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Learn how to spot the 3 most common traps of credit cards, and how they can lock you into a cycle of interest, fees, and debt. -- While useful for secure purchasing, emergencies, and building credit scores, credit cards can make it difficult to avoid overspending. And this is no accident. Credit card systems are intentionally designed to encourage spending and lock you into a cycle of interest and fees. So, how can you avoid their most common traps? Explore 3 ways that credit card companies take advantage of their customers. Directed by Jeff Le Bars, JetPropulsion.space. This video made possible in collaboration with Gifted Savings Learn more about how TED-Ed partnerships work: http://t.ted.com/Rbx7KCW Support Our Non-Profit Mission ---------------------------------------------- Support us on Patreon: http://t.ted.com/nlVpzFN Check out our merch: http://t.ted.com/upNeDi3 ---------------------------------------------- Connect With Us ----------------------------------------------
Tags: credit cards, credit card debt, credit card interest, interest fees, financial literacy, financial debt, debt, credit card fees, APR, annual percentage rate, interest accrual, credit card balance, credit card statement, residual interest, interest charges, late fees, travel miles, credit card rewards, fee structure, high APR
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