What’s a Credit Card?

Animation dealing with credit cards and problems you can avoid when using them.

http://www.totaldebtrelief.net uses a pitcher and a glass of water demonstrate the effects of minimum credit card payments. This video uses a simple analogy to describe how the average American is throwing away their money to the credit card companies. Visit totaldebtrelief.net for more information on credit card debt relief.


  1. Black Gold says:

    That’s how they Fuck ya, Never,ever make the Minimum payment. Pay it off
    each Month and there will be no Problem.

  2. Ben S says:

    lol. SO the key to this is to pay of your balance at the end of each month
    and ensure you can do so by not putting on a credit card what you don’t
    have in cash. If you do have a balance pay far more than the minimum
    payment and or find a card that doesn’t charge high interest. Credit cards
    are not evil but you have to be responsible. 

  3. Devious Devil says:

    Doing an MIT course problem set right now, and this course really helped me
    understand the problem.

  4. Johnathon Allread says:

    Actually, as your balance goes down, so does your minimum payment. As far
    as 17% goes, it can vary. The story to this video is spot on. A credit
    card is a method of payment not a way to finance your lifestyle. Pay off
    your bill every month and you will never have to worry about interest.

  5. Augusto Huertas says:

    I was paying my debt doing minimum payments for 2 years to my credit card
    company until a friend of mine explained to me what I was doing. His
    advise: STOP PAYING the credit card company in order to FORCE them to
    negotiate a lower interest rate. It damaged my credit and I couldn’t use my
    credit card (it was cancelled anyway) but after 6 months of not paying they
    agree to lower the interest rate from 24% to 6.5%. Now I am in my way to
    pay off my debt. The 6 months were kind of difficult, I received a lots of
    calls and threatening letters but it is manageable, it is legal and totally

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