Credit Card Payment Basics Explained!

Billing Cycle, Statement Balance, Grace Period and Minimum Payments Explained. Need a new credit card? Visit creditcards.com and be responsible 😎: http://bit.ly/CashBack_HF (click "show more" to see ad disclosure) Credit card payments can be very confusing if you're unfamiliar with their terminology. This compilation video will cover 4 basic credit card terms that'll be helpful for you to understand when making credit card payments. I'll give a brief overview of the billing cycle, statement balance, grace period and minimum payments. Hopefully these basics will help you understand how your credit card works a little better. Enjoy! Chapters 0:00 Title 0:22 Billing Cycle 3:18 Statement Balance 6:42 Grace Period 8:22 Minimum Payment