Credit Card Payments Explained (Beginners Guide)

How do credit card payments work? Typically cards have 4 different payment options that I'll explain in this video. You've got the minimum payment option, statement balance, outstanding balance and "any amount". I'll briefly cover each payment type. Hopefully you'll understand a bit more the next time you make a payment on your credit card. And please remember to pay off your statement balance in full every month by the due date and you won't be charged any interest.