Types of Credit: How Credit Cards Work

Understanding exactly how a credit card works is the first step to using it wisely. That's what we'll cover in this course. We'll talk about the use of chips, magnetic stripes, and mobile apps. We'll discuss various fees associated with credit cards, including processing, interest, cardholder fees, and balance transfer fees. We'll also go over how cash advances work and the differences between secured and unsecured cards.

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