APR explained in simple terms for everyday borrowers. Learn how annual percentage rates affect loans and credit card payments.

The interest rate on your credit card determines how much you’ll pay if you carry a balance. Interest rates vary across different types of cards, but your credit score is a major factor in setting ...

APR is deliberately confusing and compounds daily. Read disclosure boxes, use 0% offers strategically, and make multiple monthly payments to minimize interest costs. When you see "18.99% APR" ...

Credit card debt is a common issue. The average credit card debt among American consumers is around $6,000, according to TransUnion. Additionally, according to the latest Federal Reserve data, the ...

A brief history of credit card debt.