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Money Management : How Do Credit Cards Work?

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Uploaded by on Jan 24, 2009

Credit cards work by electronically pulling money from a bank to pay for transactions with a vendor. Understand that money spent on a credit card is not your money and must be paid back. Avoid abusing credit cards with tips from a registered financial consultant in this free video on credit cards.

Expert: Patrick Munro
Contact: www.northstarnavigator.com
Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace.
Filmmaker: Reel Media LLC

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  • @XXXdc5 If it can make sense to a 5 year old, then it's more than helpful. Maybe you need him to dumb it down further?

  • Only In America

  • @XXXdc5 It gives me a general idea and helps me to understand - you can be any age, you'll be surprised how many people don't actually understand them anymore than I do - this is helpful :)

  • Obviously he is explaining how credit cards work in the most clear way possible.

  • worst explanation ever. what are you explaining to a 5 year old or an alien? this was not helpful at all.

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