Understanding Credit Card Interest Fees

added blog Debt, Saving & Investing

2025-12-05 07:46:47

Credit card interest is the cost a borrower pays to use a credit card. It's typically charged when you carry a balance past the due date of your billing cycle. The interest is calculated as a percentage of the amount owed, and this percentage is referred to as the Annual Percentage Rate (APR). The percentage rate can be fixed (the rate doesn’t change or variable (the rate will...

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