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Last updated at 16:58 GMT, Wednesday, 03 February 2010

Credit cards

Credit cards

Credit cards

This week join Dan and Kate as they talk about credit cards. What are some of their advantages and disadvantages and how have they changed the ways that we handle money?

This week's question:

In what year was the first ever credit card introduced?

a) 1951
b) 1955
c) 1962

Listen out for the answer in the programme!

Listen to the programme

Credit cards

Vocabulary from the programme

credit card

a plastic card you can use instead of money

cash

money in its physical form, such as coins or notes

convenient

easy or suitable

debt

when you owe money to someone else

to catch on

to become popular

profit

the amount of money a business makes

interest

a fee to pay on borrowed money

cash machine

a machine where you can take out money

ATM

Automated Teller Machine - another term for cash machine

branch

a division of a larger organisation

crucial

vital or important

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