Credit cards · Basics · 1 of 7 · About 3 minutes

How credit card interest works

When a card charges no interest at all, and what happens when you don’t pay it all off.

1. 1A credit card lends you the money for what you buy.
2. 2Pay the whole balance by the due date, and you pay no interest.
3. 3Pay less than all of it, and interest is charged on all of it.
4. One question