Youtor
How Many Credit Cards in The US
>> YOUR LINK HERE: ___ http://youtube.com/watch?v=fB9aaZKlTsI
Credit cards in America are widely used financial tools that allow consumers to borrow money up to a predetermined limit for purchases. They became popular in the mid-20th century, with the first universal credit card, the Diners Club card, introduced in 1950. Major issuers today include Visa, Mastercard, American Express, and Discover. Credit cards offer convenience, rewards programs, and fraud protection but also carry risks like high-interest rates, often exceeding 20% APR, which can lead to significant debt if balances are not paid in full. As of 2023, the average American credit card debt was around $6,000 per household. Credit scores, which influence loan approvals and interest rates, are heavily impacted by credit card usage, including factors like payment history, credit utilization, and account age. #creditcard #money
#############################
