This is a post by staff writer Yazmin Cruz.
Think you know everything about credit cards? Bargain Babe has joined forces with CreditCards.com to share weird facts about your favorite plastic. Check your knowledge by watching BB in action. I bet you’ll learn new facts about credit cards. I know, I did.
Here’s what you’ll uncover:
- The meaning of the first number in your credit card number
- Why credit cards have an expiration date
- How much is the most expensive annual fee and what credit card is the culprit
- What country has the highest interest rates
- The exact measurements of credit cards
- The names of the biggest American credit card issuers that got their as freight shippers in the 1850s
Welcome to Bargain Babe! I’m Mara, and I’m so glad you’re here. I am an obsessive bargain hunter and penny pincher, and I am determined to live a full life without EVER paying full price.
Very interesting facts, Julia. Especially the interest rates globally. I’m so glad that I pay off my enitre balance each month so the interest rate on my card doesn’t matter at all. Effectively, it’s zero %. The $2,500 annually fee was a dewsy too. Is there something wrong with paying $0.00 per year? I do. I was aware of some of the credit card numbers code. I know that all Visa cards start with 4, all Master cards starts with 5, all Discover cards start with 6011, and all Amex cards start with 37.
@The Unethical Man ~ I’m with you on paying off the entire balance monthly. It truly is throwing money away to do otherwise. Who would physically do that with actual money? If I can’t afford to do pay in full, the credit card hibernates until I can.