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Life Kit

Smart credit card habits to keep you out of debt

Life Kit

NPR

Health & Fitness, Self-improvement, Kids & Family, Education, Business

4.33.9K Ratings

🗓️ 29 August 2024

⏱️ 21 minutes

🧾️ Download transcript

Summary

Even if you use a credit card all the time, it can be difficult to understand the ins and outs of how they work. Whether you're a new credit card owner or just want to make sure you're getting the most out of your card, this episode will walk through the fundamentals of the credit card game.

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Transcript

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0:00.0

Christian nationalists want to turn America into a theocracy, a government under biblical rule.

0:07.0

If they gain more power, it could mean fewer rights for you.

0:12.0

I'm Heath Drusen and on the new season of Extremely American

0:16.0

I'll take you inside the movement. Listen to Extremely American from Boise State Public

0:21.2

Radio, part of the NPR Network.

0:24.0

You're listening to Life Kit

0:28.0

from NPR.

0:31.0

Hey everybody, it's Mariel.

0:34.3

I saw this meme one time that said, how is it that we were born onto a planet that has everything

0:39.5

we need to survive?

0:41.0

And I ended up with a credit score.

0:43.0

Fair point, right?

0:44.0

What we're about to get into, credit cards and credit scores,

0:47.0

it feels overly complicated and it also feels like a game,

0:51.0

one that you might rather not play. But since this is our reality, we kind of have

0:56.0

to play the game. And if you're gonna play, you might as well win. Here's what I mean. When you open

1:01.6

up a credit card, the issuer is agreeing to lend you money.

1:05.0

It's also giving you benefits like cash rewards, discounts, reimbursements.

1:09.0

Credit card issuers do this because on the whole, they're making money on fees for merchants but

1:14.7

also on interest and late fees from you. They're not making money on every

1:19.1

single customer at scale they're making money but you can be kind of the aberration that makes money for yourself.

1:26.0

That's John Kirnan, the managing editor at the personal finance website Wallet Hub.

...

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