How do credit cards work? Explain the annual interest rate, interest and fees

Just how do credit cards work? A credit card gives you access to a revolving line of credit, and to make purchases that can be paid off later. As with other loans, credit cards have interest rates that can increase if the balances are not paid off each month. using a file The best credit cards can act like a power tool; If in good hands, the card may offer flexibility and lucrative benefits, but when it is poorly managed, it can do serious damage to your finances.

There are many types of credit cards, so check that out Choose a credit card that suits your condition.

How do credit cards work?

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