How Store Credit Cards Scam You With 29% Interest

Описание: How Store Credit Cards Scam You With 29% Interest
Store credit cards look harmless, but they hide one of the most expensive interest traps in consumer finance. In this video, we break down how store credit cards, high APR credit cards, and minimum payments quietly keep millions of people in long‑term debt.
Using simple examples and real‑world psychology, you’ll see how a small discount at checkout can turn into years of interest payments at nearly 29% APR. We explain how deferred interest works, why minimum payments barely reduce your balance, and how retailers profit from consumer behavior rather than financial literacy.
If you live in the USA, UK, Canada, Germany, or Australia, this breakdown shows why store cards feel convenient but often work against middle‑class finances. By the end, you’ll know exactly how these cards operate—and how to avoid the trap before it costs you hundreds.
#storecreditcards #personalfinance #debttrap #creditcards #economics
Your Queries....
economics explained, economic history, finance explained, money explained, global economy, stock market, financial crises, wealth, investing, passive income, economic cycles, history of money, economic collapse, financial education, world history, economic patterns, rise and fall of empires, economic stories, money and power, econoverse, finance untangled, simplified economics, economic trends, how money works, economic disasters, financial literacy, economic news, economic analysis, economic events, wealth explained, finance stories
Watch More Videos...