How do credit cards / credit work?

How do credit cards / credit work?

Let me know if I got this down correctly: You get a credit card, each card/bank/program has different interest rates and rewards. Your credit card has a limit, ie 1,000, 5,000, 10,000, etc You can buy anything you want but it cannot exceed your credit limit per month (does it reset?) At the end of the month you get billed in installments, like if you buy a TV for 1,000 dollars, you pay 50~ dollars a month for like 6 years until it's paid off? Not sure if I have it correctly and I have a few questions: Specifically credit limits; how does that work? Is it cumulative and resets each month? (like does it add up, and max out at 1,000 and I can't use it until the next month?) Or is my limit the maximum amount I can charge on a single purchase? If I pay my monthly bill in full each month, my credit will grow, regardless of what I purchased? (ie, do lenders look at what I purchased, or just that I paid it all on time?) What's the minimum payment per month I can make without it adversely affecting my score?

ANSWER: For Finance and credit solutions I recommend this site where you can find all the solutions. personalfinancesolution.info

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Repayment of loan from a business partner after April 5th?

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Let me know if I got this down correctly: You get a credit card, each card/bank/program has different interest rates and rewards. Your credit card has a limit, ie 1,000, 5,000, 10,000, etc You can buy anything you want but it cannot exceed your credit limit per month (does it reset?) At the end of the month you get billed in installments, like if you buy a TV for 1,000 dollars, you pay 50~ dollars a month for like 6 years until it's paid off? Not sure if I have it correctly and I have a few questions: Specifically credit limits; how does that work? Is it cumulative and resets each month? (like does it add up, and max out at 1,000 and I can't use it until the next month?) Or is my limit the maximum amount I can charge on a single purchase? If I pay my monthly bill in full each month, my credit will grow, regardless of what I purchased? (ie, do lenders look at what I purchased, or just that I paid it all on time?) What's the minimum payment per month I can make without it adversely affecting my score?

ANSWER: For Finance and credit solutions I recommend this site where you can find all the solutions. personalfinancesolution.info

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Is myflixhd legit? it asks for your credit card number.?

Is myflixhd legit? it asks for your credit card number.?

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How do credit cards / credit work?

Let me know if I got this down correctly: You get a credit card, each card/bank/program has different interest rates and rewards. Your credit card has a limit, ie 1,000, 5,000, 10,000, etc You can buy anything you want but it cannot exceed your credit limit per month (does it reset?) At the end of the month you get billed in installments, like if you buy a TV for 1,000 dollars, you pay 50~ dollars a month for like 6 years until it's paid off? Not sure if I have it correctly and I have a few questions: Specifically credit limits; how does that work? Is it cumulative and resets each month? (like does it add up, and max out at 1,000 and I can't use it until the next month?) Or is my limit the maximum amount I can charge on a single purchase? If I pay my monthly bill in full each month, my credit will grow, regardless of what I purchased? (ie, do lenders look at what I purchased, or just that I paid it all on time?) What's the minimum payment per month I can make without it adversely affecting my score?

ANSWER: For Finance and credit solutions I recommend this site where you can find all the solutions. personalfinancesolution.info