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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July 25, 2010
Credit cards can be used in many ways to improve an individual’s living situation, or enhance the investment capabilities of a small business. However, there are also many negative financial consequences that can transpire as a result of using a credit card irresponsibly.
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July 12, 2010
According to state law, it is illegal to hide credit card fees from consumers. Yet it is not uncommon to hear people mention hidden credit card fees when having conversations about credit card expenses. The term “hidden fee” is simply used to describe fees that are not likely to be noticed by the cardholder. In a sense, the fee can seem hidden when it is charged to the card’s balance unexpectedly without notice.
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