Introduction of The Dangers of Credit Cards

Introduces APR as the true cost of borrowing and illustrates with examples how minimum payments lead to spiraling debt. Emphasizes the necessity of never carrying a balance and always paying in full to avoid interest charges.

Defines the credit score range (300–850) and its real‑world impact (loans, rentals, jobs, mortgages). Highlights common pitfalls (late payments, maxed‑out cards, excess applications) and prescribes positive actions: becoming an authorized user, opening a student card, using cards for small routine purchases, full monthly payments, and keeping utilization low.

Breaks down reward types—cashback, travel points, retail/gas incentives—and underscores the “golden rule” of no carried balances. Guides learners to choose simple, high‑value cards, avoid sign‑up‑bonus overspending, and responsibly apply travel hacking techniques.