How a Credit Card Works – You Pay the Statement, Not Each Purchase

The Quick Take
Your card doesn’t bill you for each purchase. It runs on monthly billing cycles, and whatever you owe on the last day of a cycle, called the closing date, becomes your statement balance. Your due date falls at least 21... Source
Ground Level News gathers headlines from public news feeds. This page shows a short summary only; the full article and all rights belong to Money Crashers.



