Tag Archives: APR

To understand interest cost, convert APR to dollars

Fred Williams

It’s bad enough that many of us don’t know the annual percentage rate (APR) our credit cards charge. But even when we do know the rate, we are not good at understanding how much the interest will cost. A new…
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Why I’ve soured on a sweet credit card offer

John Egan

An appealing credit card offer recently showed up in my mailbox, but I’m taking a pass. Why? The offer, from the company that provides my auto and renter’s insurance (come to find out, the insurer owns a card-issuing bank) invites…
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9 crazy credit facts to wow your friends

Erica Sandberg
9 weird facts about credit cards

Want to amuse and astound your friends? These funny and peculiar facts about credit cards, credit reports and credit scores may wow your friends. 1. Credit cards are rectangle because the world is round. You may have wondered why there aren’t…
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As rates rise, take a fresh look at your credit card statement

Fred Williams
Credit card statements

Interest rates on credit cards are going up, making this a great time to get reacquainted with the monthly account statement. If you’re like many people – even some of my co-workers at CreditCards.com – you haven’t looked at the…
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Confessions of a credit card rate-checker

Kelly Dilworth

If it’s been a while since you applied for your last credit card, you could be in for a shock the next time you start comparing APRs. Average rates on new card offers have ballooned in recent years — rising from an average of 11.54 percent in 2008 to just over 14.98 percent in 2013. And, chances are, they’re just going to keep going up.
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