Credit Education

Credit Education

How Does Credit Card Interest Work?

If you have a credit card, you’ve heard of interest. But you may not know exactly how it works. Many consumers operate without actually knowing how the interest on their credit cards is calculated. But it is important to understand how interest works, so you can be an educated consumer and use your credit card effectively.

Deferred Interest Credit Cards: Why They May Be Dangerous to Consumers

Buy now and pay later.  Sounds great, right? Best Buy, Home Depot, and Walmart are just some of the many retailers that offer these deferred interest credit cards.  Advertised as a free credit card with 0% interest that you can get right on the spot, deferred interest credit cards sound like a dream come true.

But there’s a catch.  These cards can end up costing you a lot more money than you think.  Take a look below before you commit yourself to something you may not want.

Breaking It Down: What's a Credit Card Issuer?

It's a simple question and common question asked by many - what exactly is a credit card issuer? If you're surfing around financial websites you've probably read the term a thousand times, but what exactly does it mean and how does it affect you? Who are they, how do they work, and what really happens when you swipe that plastic?


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