First video:

  • In this video I learned the difference between debit and credit cards.
  • In a debit card money comes directly out of your personal bank account.
  • A credit card is where you can get a loan from the bank.
  • I also learned that most companies ask for a minimum of a 600 credit score, at least 15 000 dollars of annual income, and an debt to income ratio of no more than 36 percent.

Second Video:

  • In the second video I learned what a credit score is made up of, and tips to maintain a balanced credit score .
  • A credit score is a number between 300 and 850 and summarizes a credit report.
  • A credit report is a detailed history of one’s credit; this consists of payment history, age and status of accounts.
  • I also learned that the higher the credit score, the lower interest your interest rate is and you will be able to get more bank rewards.

Third Video:

  • In the third video i learned is to treat a credit card like it is a debit card, if you dont overspend you will not go in debt.
  • l earned to avoid cards with annual fees, unless if the card is an amazing travel card.
  • In addition I learned that that nobody should have to pay to use a credit card.
  • I also learned to avoid using a credit card while travelling abroad because if your card chages there is a transaction fee.