What is a Credit Card?

The video explores the concept of credit cards through a series of family discussions. The narrator seeks to understand what a credit card is and how it works. The mom explains it as a payment method that involves borrowing money, similar to a loan. The dad adds that credit cards charge interest on the borrowed amount if not paid by the end of the month. The gran warns about interest fees if the balance isn't paid off, and Uncle Dee mentions interest-free periods and credit limits. The video concludes with the narrator feeling overwhelmed by the information.

What new insight or understanding did you gain from this video?