What’s one “rule” of credit cards you didn’t know when you were younger? The one “rule” I didn’t know/understand was that you should always pay your statement balances off in full every month.
This is so funny. I had the completely opposite misunderstanding & experience.
When I entered college, I saw credit card promo posters in the university buildingin halls. Most of these posters prominently higlighted the APR interest rate in big bold font: “Low 20% APR after an introductory 6-month period!” “25% APR!”
I saw those posters, and I thought:
“Okay so they are saying that if I pay $100 using a credit card, I have to immediately pay back $120? That’s… dumb and wasteful. Americans are weird. I’m sticking with cash and debit cards and I’m never going to use credit cards.”
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