Credit cards have a reputation for being risky, confusing, or something you should avoid altogether. But the truth is, they’re just a tool — and like any tool, they can either help you or cause problems depending on how you use them. Unfortunately, most of us were never properly taught the difference.
In this episode of Bank of Dad, Kate asks the questions many people are unsure about when it comes to credit cards, and Pete explains how they really work in simple terms. We cut through the fear, clear up the myths, and focus on how to use credit cards safely — without getting into trouble.
In this episode, we talk about:
- What a credit card actually is (and what it isn’t)
- When credit cards can be useful — and when they’re best avoided
- How interest really works (without the scary maths)
- Simple rules to avoid slipping into debt
