3 things to never do with a credit card

3 things to never do with a credit card with 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, low apr, money management, budget, budget planning, financial planning, jeff le bars, jetpropulsion.space, ted, ted-ed, ted ed, teded, ted education

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

Support Our Non-Profit Mission

----------------------------------------------

----------------------------------------------

Connect With Us

----------------------------------------------

----------------------------------------------

Keep Learning

----------------------------------------------

----------------------------------------------

Thank you so much to our patrons for your support! Without you this video would not be possible! Lex Azevedo, Michael Aquilina, Jason A Saslow, Yansong Li, Cristóbal Moenne, Dawn Jordan, Prasanth Mathialagan, Samuel Doerle, David Rosario, Dominik Kugelmann - they-them, Siamak Hajizadeh, Ryohky Araya, Mayank Kaul, Christophe Dessalles, Heather Slater, Sandra Tersluisen, Zhexi Shan, Bárbara Nazaré, Andrea Feliz, Victor E Karhel, Sydney Evans, Latora, Noel Situ, emily lam, Sid, Niccolò Frassetto, Mana, I'm here because of Knowledge Fight Facebook group., Linda Freedman, Edgardo Cuellar, Jaspar Carmichael-Jack, Michael Burton, VIVIANA A GARCIA BESNE, The Vernon's, Olha Bahatiuk, Jesús Bíquez Talayero, Chels Raknrl, Sai Pranavi Jonnalagadda, Stuart Rice, Jing Chen, Vector-Dopamine math, Jasper Song, Giorgio Bugnatelli, Chardon, Eddy Trochez, OnlineBookClub.org, Eric Shear, Leith Salem, Omar Hicham, and Adrian Rotaru.