Video: Nafeez Al Tarik on When Credit Cards Help and Hurt (Bangla)
A 10 Minute School lesson in Bangla by Nafeez Al Tarik on when credit cards help and when they hurt.
What are the real advantages and disadvantages of a credit card? In this Bangla personal finance lesson from 10 Minute School, Nafeez Al Tarik explains how credit cards can help you, from convenience and building a credit history to EMI and rewards, and how they can hurt you if you overspend or miss payments.
The simple rule: a credit card is cheap only if you pay the full bill on time. Carry a balance and you can pay interest of up to 25% a year in Bangladesh, plus late fees, and a poor record can hurt future loan applications. Read how to get your first credit card, what happens if you miss a payment and how your CIB record affects loans, or compare cards in our Zero by Prime Bank review and BRAC Bank Visa Cashback review.
Video by 10 Minute School on YouTube, presented by Nafeez Al Tarik. Dhaka Debates did not produce this video.
