interest rate

Banks find way to win card game

“Interest rates are now hovering near record highs, at an average rate of 14.72%,” reports, which explores this topic in more detail. “And if your credit is bad enough, you could even end up with a rate as high as 59.9% APR.”

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Credit card statements include free cold shower

You might have heard that banks have to play by new rules with their credit card terms and disclosures, starting today. If you’ve never faced the music when it comes to credit card abuse, your chance is about to come. One of the more digestible – and eye-popping – bits of information that now must be disclosed is how long it will take you to pay off your balance if you make only the minimum monthly ...

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