Credit Cards 101: A beginner’s guide to smart spending
A credit card is a simple way of borrowing money from a financial institution. Credit cards usually have a set amount of funds called a limit that you can borrow anytime.
Getting your first credit card can feel like a new world has opened up. In just a few seconds, you could swipe and buy anything you want.
Going to the movie with friends? Swipe. Dinner date? Swipe. A shopping spree to treat yourself? Swipe.
However, before you start swiping, you should know that a credit card is a type of debt, a revolving debt to be exact. And while they are useful and beneficial, they should be managed responsibly.
Watch the video to learn more.