Credit Cards

[triggerthat]

Hi guys,

Apparently having a credit card where you always keep up payments is a good for your credit rating. As I've never had a CC before, how entirely does it work? At the end of each month, do you transfer money across to clear it or does it come in a form of a bill? Am guessing you don't get charged if your payments are on time?

Oh - while I am here, does a overdraft effect your credit rating?

 

[triggerthat]

Do you have to pay interest on anything when you transfer to clear the amount? I always see this 'free transfer for the first x months' when they advertise CCs.