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How Do Credit Cards Work?

Credit cards can help you build a good credit history quickly, can help with unexpected expenses, and can earn you rewards. It’s important, however, that you understand how credit cards work and how to use them in a responsible way.

What is a Credit Card?

Your Credit Card Balance

Credit Card Interest

How Credit Card Interest Leads to Debt

Credit Card APR

Credit Card Payments

The Benefits of Using a Credit Card

Convenient, Inexpensive Loans

Cash Advances

Building Credit

Rewards

Common Credit Card Fees

How Credit Cards Affect Credit Scores

Choosing the Card That’s Right for You

Bottom Line

With the help of LendEDU’s blog, tools, and resources, our goal is to assist you in making educated financial decisions. LendEDU: Educated Financial Decisions.

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