A credit card is a great way to build credit. By using a credit card often and making your payments on time, you can work toward building credit every pay period.

Depending on what you do with your credit, you can influence the way your financial story turns out.

Your credit card's minimum payment is the lowest amount of money that you have promised to pay each billing cycle.

A credit card payment is considered late if it's received by your credit card issuer after your payment due date.

APY - or annual percentage yield - is a measure of how fast your money will grow in your savings account.

If you pay off your credit card in full each month, you may be able to avoid paying interest thanks to  your credit card's grace period.

A cash advance lets you use your credit card to get cash at a bank or ATM.

Knowing the basic anatomy of a Schumer Box can help you compare offers and simplify essential information about your credit card.