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Learn · Credit cards · 7 modules
Credit cards, from the interest to the points.
7 short modules, 3 to 4 minutes each
Basics
If you’ve never had a credit card- How credit card interest worksWhen a card charges no interest at all, and what happens when you don’t pay it all off.3 minutes · 3 pages and a questionStart
- Paying only the minimumWhy the smallest repayment the bank asks for can take years to clear a balance.3 minutes · 3 pages and a questionStart
- The fees on a credit cardThe yearly fee, the fee on overseas spending, cash from an ATM and paying late.3 minutes · 3 pages and a questionStart
Going further
Once you know how the interest works- What rewards points are worthTurning “1 point per $1” into dollars, and weighing it against the card’s fee and interest.4 minutes · 3 pages and a questionStart
- Sign-up bonuses and their rulesThe spending a bonus asks for, the fee that comes with it, and bonuses paid over two years.3 minutes · 3 pages and a questionStart
- Balance transfersMoving a balance to a card that charges 0% for a while, and what happens when that ends.4 minutes · 3 pages and a questionStart
- Reading a real cardThree real cards, each showing one thing the modules before taught.3 minutes · 3 pagesStart