How Is Credit Card Interest Calculated?

The interest you pay depends on your APR and your balance; avoid interest entirely by paying your bill in full.Melissa LambarenaMay 18, 2020 If your credit card has an annual percentage rate of, say, 18%, that doesn’t mean you get charged 18% interest once a year. Depending on how you manage your account, your effective interest rate could be higher,Continue reading “How Is Credit Card Interest Calculated?”