How does credit card interest work?
We’re all kind of familiar with the basics, right?
A credit card can help build your credit score and earn rewards like points or
cash back [https://www.ratehub.ca/credit-cards/cash-back] as long as it’s used
responsibly, otherwise, it can be harmful and charge steep double-digit interest
rates. It's the classic example of a double-edged sword.
But when does credit card interest kick in? And how is it actually calculated?
The truth is it can be downright confusing, and many Canadians are in