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Knowing how to find and interpret a credit card’s terms and conditions will help you use it more confidently.
Using your credit card wisely means building credit, earning rewards, and clearing off your balance so you never have to pay interest.
Know how international credit cards can help you avoid foreign transaction fees and earn travel-specific perks.
Credit card guide
Credit cards allow the account holder to make purchases with revolving credit. But cardholders must pay the borrowed balance in full each month, or be charged interest.
If you use a credit card, you will likely encounter a range of charges and fees. Make sure you aren’t paying more than necessary by learning the basics of the most common credit card fees.
“Good” credit limits vary. How you manage them do not — don’t go over the limit, keep your credit utilization ratio low and maintain a good credit history in case you want to increase your credit limit.
Credit card interest rates vary by the type of credit card and transaction. How much interest you pay is based on your creditworthiness and how you use your cards.
Your credit card statement is a record of all your transactions during a billing period. It also includes important account information and details that can help you master credit card management and ensure you’re not the victim of fraud.
When you buy something with your credit card, the merchant is paid immediately and you pay later. If you need a refund, your issuer will reverse the charge and post a refund to your credit card account.
Credit cards can be declined for a number of reasons, like missed payments, fraud, travel or expiration. But a quick call to the card’s issuer can get your purchasing power back.