Billing Cycle, Statement Balance, Grace Period and Minimum Payments Explained.
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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