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Word of the Week:
Definition: A credit card lets you buy now and pay later. When you spend on a credit card you are borrowing from the issuer and your card balance is the total amount you currently owe.
Fun Fact: There are almost 400 million open credit cards in the U.S. - a little more than one for every person.
Video: Watch the video below to understand the concept better.
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Español:
Definicion: Una tarjeta de crédito te permite comprar ahora y pagar después. Cuando gastas en una tarjeta de crédito, estás tomando prestado del emisor y el saldo de tu tarjeta es el monto total que debes actualmente.
Dato Curioso: Hay casi 400 millones de tarjetas de crédito abiertas en los EE. UU., un poco más de una para cada persona.
Video: Watch the video below to understand the concept better.
Watch the video below for another look at this concept.
Credit Cards
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