A Guide to Rising Credit Card Rates

September 6, 2010

Anyone who has owned a credit card within the last decade has been subjected to rising interest rates, regardless of their credit score or financial habits. Unfortunately, most cardholders are not aware of the change until a statement arrives in the mail with elevated interest charges.
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Understanding the APR Calculation

August 8, 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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Understanding the APR Calculation

July 28, 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.
read more…