Selecting a Credit Card

Filed by admin under Credit Cards, Introudction — 12:01 pm

There are many things to consider before applying for a credit card. First of all, every time that you apply for credit, whether at a department store (Free Gift for Applying!) or at a bank, with a mail-in or an on-line application, it shows up on your credit report. If you put in lots of [...]

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Spending Ratio: Cash and Credit Card Spending

Filed by admin under Credit Cards, Introduction — 11:45 am

More and more Americans are using credit cards. The numbers go up every year. Right now 79% of all Americans have a credit card and most have three or more. This is amazing when you consider that credit cards have only been around for about forty years. This means that a lot of our parents [...]

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What is Your Credit Card’s APR?

Filed by admin under Credit Cards, Introduction — 11:28 am

In a recent survey of credit card holders, 34% did not know the annual percentage rate (APR) charged by their credit card company. Defined as the annual charge for borrowing the banks money, the APR includes interest and other fees that the credit card company charges the cardholder for making purchases. Credit card companies are [...]

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Credit Card Interest Rates

Filed by admin under Credit Cards, Introduction — 11:08 am

Interest is the price the consumer pays to borrow money. Credit card interest rates are typically higher than the interest rates of conventional loans. According to information compiled by Bankrate.com, current credit card interest rates vary from 7.16% for a Capital One Personal Platinum MasterCard to 20.65% for an Orchard Bank Platinum MasterCard. Companies charge [...]

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