Should credit cards have a health warning?

credit cardsIn this podcast we search for the truth behind credit cards – are they really a good thing to have in your wallet?

We chat to Chris Labuschagne, CEO of FNB credit card and we asked him how many of their customers pay off their cards in full at the end of every month, and how many just pay the minimum.

We bust the myth that you have to have a credit card in order to build up a credit record, and also discover just how long it really takes you to pay off your credit card if you just pay the minimum required.
A warning for financially sensitive listeners: some of the figures in this podcast may shock you!