Small Print “Gotcha” in Credit Card Interest (Hint It Can Be 20,000%)!
Dec 19, 2023•20 min•Season 1Ep. 64
Listen to this episode in Metacast mobile app
Don't just listen to podcasts. Learn from them with transcripts, summaries, and chapters for every episode. Skim, search, and bookmark insights. Learn more
Episode description
You probably think credit card interest is pretty high.
It can be far higher than you think!
If you or your kids ever do not pay your credit card balances in full by the due date, this is the video to watch.
Credit card debt is the single most common place where Canadians get stuck, which can create havoc with your finances (and future).
In my latest podcast episode you’ll learn:
- What is the small print “Gotcha” in credit card interest?
- Why credit card effective interest rates can be astronomical.
- How to eliminate credit card interest.
- Why you need an emergency plan, not an emergency fund.
- The wholesome way to think of credit cards.
- How to live within your means.
- Why budgeting is tough and how to do it.
- Why eliminating credit card interest is worthwhile.
For the best experience, listen in Metacast app for iOS or Android