Credit card question??

Question

if i spend 10$ on my card, so when the bill are home, i will pay 10 $ or more???

i am the new credit card user , i dont know anything about it

Answer 1

You'll pay more--interest and service charges



--How else do you think they make money?

Answer 2

you can choose to pay full balance of $10 assuming you only spent 10$ or you can pay the minumum due, that amout will be less than $10.. but for the upcoming bill, you will be charged for an interest on what you did not pay on the previous bill. . .

if you has a card company that offers you free interest for 12 months, u won't be charged for the interest of the whatever amount you did not pay back to the credit card company.

Answer 3

If you make a purchase with a credit card the bill at the end of the month will be the total of the purchases you made that month.  If you pay the whole amount of the bill then you are only paying for those purchases you made.  If you make the minimum payment then that is where your interest rate kicks in.  On your next bill will be your new purchases plus the old purchases plus the interest that the card company charges you for not paying the full amount on the last bill.  It is a vicious cycle that can get you deep into debt.  The best plan is to only charge what you will be able to pay at the end of the month.  If you pay off your charge card every month you will never have to pay extra fees or interest.