Are Credit Cards the Enemy? Part Two

This week, Kate and Pete finish up their conversation about credit cards, and whether they can be used safely, or are a dangerous slippery slope to debt chaos. Guess what - the answer is more nuanced than you’d think.

Credit cards can be useful — or costly — so let’s unpack how they work, the myths to ignore, and how to stay in control when using them.

In this episode, we talk about:

  • How credit card companies make money
  • Interest rates and why they vary
  • What happens if you don't pay your bill
  • If there are other ways to build credit
  • Credit cards and travelling abroad
  • Section 75 Protections
  • And more!

Links Mentioned in the Episode:

Money Supermarket Credit Card Eligability:

https://www.moneysavingexpert.com/eligibility/credit-cards/

Christians Against Poverty:

https://capuk.org/

Step Change:

https://www.stepchange.org/

Citizen's Advice Bureau:

https://www.citizensadvice.org.uk/

BOD4 – All Things Debt:

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with us?

We’re always open to conversations with brands and organisations who want to help young people feel more confident with money.

Drop us a line at hello@bankofdad.show and tell us what you have in mind.