ELI5: how does a credit card work? : r/explainlikeimfive - Reddit

Now the best way to highlight how a credit card works is just to jump into an example. You have a credit card with a $1,000 limit where the billing cycle starts on the first of each month. So, …


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$1000
OFF

ELI5: How Does A Credit Card Work? : R/explainlikeimfive - Reddit

1 week from now

Now the best way to highlight how a credit card works is just to jump into an example. You have a credit card with a $1,000 limit where the billing cycle starts on the first of each month. So, …

reddit.com

$25
OFF

ELI5: How Does Credit Card Interest Work? : R/explainlikeimfive

1 week from now

500 (Debt) *.05 (Rate you must pay) = $25 (How much you must give them.) And with the Double 5 figure, it remains how much more you add to what you have spend. Assuming you haven't …

reddit.com


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