Transactors and Revolvers (aka Credit Cards)

Gaby finds out how credit cards actually work, about ten years too late. Laura Adams (Money Girl podcast), Mandi Woodruff (MagnifyMoney.com, Brown Ambition podcast), and Lillian Karabaic (Oh My Dollar podcast) explain the deceptively simple concepts behind these devious plastic rectangles, as well as the troubling economic psychologies they exploit.Learn more about your ad choices. Visit megaphone.fm/adchoices