We dive deep into the economics behind credit cards, exploring their mechanics, history, and the different types of users. Learn about the balance between convenience and cost, the role of interest rates and fees, and various strategies for managing credit card debt. With insights from Investopedia, George Mason University, NerdWallet, and more, discover what drives card issuers and how you can make smarter financial choices. #Economics #CreditCards #Finance #MoneyManagement #DebtFree #SmartSpending.00:00 - Introduction to Credit Cards00:44 - Understanding Credit Card Basics01:27 - How Credit Card Transactions Work01:54 - The Cost of Using Credit Cards02:21 - Types of Credit Card Users02:47 - The Popularity of Credit Cards03:38 - Interest Rates and Fees06:22 - Building and Rebuilding Credit07:15 - Historical Context and Regulation08:38 - How Credit Card Companies Make Money09:48 - Practical Advice for Managing Credit Card Debt10:46 - Conclusion and Future of Credit Cards#creditcard #creditscore #economicsofcreditcard #economics #borrowingmoney #lending