How Credit Card Interest Is Calculated [You’re Paying WAY MORE Than You Think!!!]
How credit card interest works, is different than other kinds of debt like car loans. The math behind how credit cards work is based on how to calculate interest on different balances.
How credit cards calculate interest changes because your balance can change at any time. The interest charges on your credit card is based on the interest calculation that’s specific to your credit car use.
Having your credit card interest explained to you for YOUR situation requires understanding credit card interest and how a credit card works regarding your regularly scheduled payment.
When you ask yourself “How do credit cards work?” or “How does a credit card work?” your focus should be on how the interest that’s calculated relates to your minimum payment. This is where you’re losing about fifty percent of your money applied towards credit cards.
Find out exactly what you need to know about credit cards and their overall impact on your personal finances in this video.
For more information about how you can get rid of your credit card debt, and all other debt you have, click the link below.
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