Buying stuff on credit sounds fun, but it can actually be dangerous! In this BrainPOP movie, Tim and Moby introduce you to the complex world of credit cards. You’ll learn what a credit provider is, and how it sets a limit on the amount of money you can spend on a card. You’ll find out about the three-way transaction that takes place whenever you buy something with a card, and how your personal information is encoded in a short magnetic strip! Finally, you’ll hear all about the hidden costs of using a credit card, like annual percentage rates, late fees, and the debt that you can incur by carrying your balance over. So click on this movie--and be careful with your money!
