How do credit card payments work?

Credit card payments involve using a pre-approved credit limit to pay for transactions. Every month, your bank generates a statement listing all your purchases. You must pay at least the minimum amount due by the specified deadline to avoid late fees. To avoid interest charges, it is best to pay the total statement balance in full. If you carry a balance to the next month, the bank charges interest on the outstanding amount. You can make payments via the mobile app, net banking, or UPI.