What Is a Credit Card and How Does It Actually Work?
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YouTubeFinance with Afshin
What Is a Credit Card and How Does It Actually Work?
Most people have used a credit card or know someone who has, but if you asked them to explain exactly how one works, most couldn't. Here is the simple version, from an accountant. Here is the easiest way to think about it. A debit card spends your money. A credit card spends the bank's money. Every time you tap a credit card, the bank pays for ...
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