June 13, 2011
It can often be easy for credit card holders to push the interest rates that they will end up paying to the back of their mind, so that they don’t have to feel guilty about making a purchase. read more…
April 20, 2011
As credit card companies compete heavily to solicit new customers by offering lower interest rates they have to find creative ways to recuperate some of the profits that they lose due to these lower interest charges. There are a plethora of different types of credit card fees that cardholders are subject to. read more…
January 14, 2011
Studies have shown that the average American citizen owns and regularly uses more than one credit card. Yet the average citizen is also in credit card debt. It could be argues that this demonstrates a direct correlation between managing multiple credit cards and being in debt, or it may point to the lack of some cardholders’ ability to accurately assess the true cost of each card on a monthly and annual basis. read more…
September 13, 2010
The average American household can carry thousands of dollars in various forms of debt at any given point in time, and most fail to realize just how much of that debt actually originated from the improper or irresponsible use of credit cards. At first glance, the credit card bill may appear to only cost a small percentage, or the minimal amount required of the total balance that accumulates each billing period. But the true cost of frequent credit card usage may be much higher than expected.
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July 26, 2010
APR is an abbreviation for Annual Percentage Rate, which is basically another phrase used to describe a credit card’s interest rate. Every purchase made with a credit card gathers interest that must be repaid eventually. For example, a purchase made with a card that has an APR of 5% would cause 5% of that purchase to accumulate in interest.
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