What is a Credit Card?

The video explores the concept of credit cards through a series of family discussions. The narrator seeks to understand what a credit card is and how it works. The mom explains it as a payment method that involves borrowing money, similar to a loan. The dad adds that credit cards charge interest on the borrowed amount if not paid by the end of the month. The gran warns about interest fees if the balance isn't paid off, and Uncle Dee mentions interest-free periods and credit limits. The video concludes with the narrator feeling overwhelmed by the information.

What is a credit card and how does it function?

What did the teacher learn about the relationship between credit cards and loans?

What happens if you do not pay off the full balance on a credit card?

What is an interest-free credit card and what should one be cautious about?

What is a credit limit and why is it important to stay within it?