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Credit Card Rates

Why You Should Know the Different Types of Credit Card APRs

CompareCards | Posted 07.28.2015 | Money

A credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate, called the Annual Percentage Rate (APR). Where it can become a little more complicated, however, is that each single credit card may have multiple APRs that apply to it.

Friday Talking Points -- A Democratic Economic Platform for Next Time

Chris Weigant | Posted 01.07.2015 | Politics
Chris Weigant

Republicans in Congress just won a smashing electoral success by essentially doing nothing but mercilessly block Obama's agenda. That, to put it another way, is a winning formula for them with their base voters.

If You Read One Article About Dropping Credit Cards, Read This One!

Jim Gibson | Posted 05.07.2014 | Money
Jim Gibson

Here goes: closing or canceling a credit card starts a snowball effect that will give your credit score a wallop it may not be able to stand.

Why Are Boomers Facing So Much Credit-Card Debt?

Reuters | Chris Taylor | Posted 04.24.2013 | Fifty

(Reuters) - Sandy Harsh never expected to find herself with $16,800 in credit-card debt and her retirement dreams drifting farther away. Harsh, an ...

Best Balance Transfer Credit Cards to Help Alleviate Post-Holiday Debt

Jeff Hindenach | Posted 03.12.2013 | Business
Jeff Hindenach

If your credit cards are maxed out from holiday shopping, you might want to consider getting a balance transfer credit card to help alleviate some of the stress. Why a balance transfer credit card?

Study: U.S. Consumers to Add $43.5 Billion in Credit Card Debt During 2012

Odysseas Papadimitriou | Posted 12.01.2012 | Money
Odysseas Papadimitriou

We've become desensitized to the true value of large amounts of money. You might therefore be inclined to brush aside the fact that American consumers are projected to incur $43.5 billion in credit card debt during 2012 for the second consecutive year. That, however, would be a grave mistake.

Four Credit Cards That Will Make Summer Travel More Affordable

Odysseas Papadimitriou | Posted 07.10.2012 | Money
Odysseas Papadimitriou

As most travelers look for ways to stretch their budgets, the benefit of a credit card's initial bonus cannot be ignored -- the right one can give you an extra $500 to play with.

Small-Business Owner Says This Bank Action Is 'Unconscionable' | Posted 03.09.2012 | Small Business

By Alexandra Alper WASHINGTON (Reuters) - Business credit cards were a big help for Doris McMillon's communications consulting business, allowi...

CARD Act May Have Cost Consumers Billions

Curtis Arnold | Posted 05.05.2012 | Money
Curtis Arnold

The CARD Act was implemented on Feb. 22, 2010, and the two-year anniversary of this date marks a fair time to assess the Act's successes, failures and overall implications for consumers with credit cards.

Dan Froomkin

Auction 2012: How The Bank Lobby Owns Washington | Dan Froomkin | Posted 01.30.2012 | Politics

Auction 2012 is a weeklong series in collaboration with "The Dylan Ratigan Show" and United Republic. When Washington puts policy on the auction bl...

Credit Card Offers Still Too Complex To Decipher: Study

AP | EILEEN AJ CONNELLY | Posted 05.25.2011 | Business

NEW YORK — It's becoming a little bit easier for credit card holders to understand the interest rates and penalty charges they face. That's because ...

Shahien Nasiripour

Dems Who Voted To Break Up Megabanks 2 Weeks Ago NOW Vote To Protect Their High Credit Card Rates | Shahien Nasiripour | Posted 05.25.2011 | Business

Of all the financial reform rules debated in the past few weeks, few would have impacted as many consumers as the one championed by Sen. Sheldon White...

Lucia Graves

Dems Push For State Caps On Credit Card Rates | Lucia Graves | Posted 05.25.2011 | Business

As the fight for Wall Street reform enters its final stage, Sen. Sheldon Whitehouse (D-R.I.) has introduced an amendment to let states cap credit-card...

Credit CARD Act Goes Into Effect On Monday, And Banks Are Ready Fee Blitz Escalates

Mother Jones | Stephanie Mencimer | Posted 05.25.2011 | Business

On Monday, the second phase of the Credit Card Accountability Responsibility and Disclosure Act of 2009--a major overhaul that boosts safeguards again...

5 Ways to Wipe Out Your Credit Card Balances

Jordan E. Goodman | Posted 05.25.2011 | Business
Jordan E. Goodman

In truth, paying off your credit card balances is simple; there's nothing complicated about it. But it's not easy, because it does require sacrifice and scraping together the cash that will get it done.

Banks, Credit Card Issuers Find Ways Around New CARD Act Rules

DailyFinance | TRACY COENEN | Posted 05.25.2011 | Business

The new rules, which go into full effect on February 22, threaten to take a big bite out of the $15 billion in penalties and fees that the industry co...

Credit Card Or Mortgage: Consumers | Vincent Fernando | Posted 05.25.2011 | Business

Credit history company TransUnion has found that Americans are shifting their priorities when it comes to paying down debt. Consumers are paying down...

America's credit card debt Five myths about | Robert D. Manning | Posted 05.25.2011 | Business

Today, Americans are more dependent on credit than savings, a radical departure from the last major economic crisis, in the 1930s. Congress's effort t...

Social Lending Pros and Cons

Personal Finance News & Advice | Ana Gonzalez Ribeiro | Posted 05.25.2011 | Business

With faith in banks and credit card companies on the decline, more consumers are turning to social lending as an alternative to existing financial ins...

Credit Card Rates: Banks Plan To RAISE Rates, Annual Fees

AP | JEANNINE AVERSA | Posted 05.25.2011 | Business

WASHINGTON — Banks expect to tighten terms on credit cards in response to a new law that aims to protect consumers from sudden rate hikes, the F...

Americans ditching predatory credit cards:Survey | Martha C. White | Posted 05.25.2011 | Business

A new survey from comScore clears up some of the mystery and confirms that Americans are, in fact, voting with their wallets. Consumers are protesting...

Wells Fargo Credit-Card Rates Rise Ahead of Law | Peter Eichenbaum | Posted 05.25.2011 | Business

Oct. 7 (Bloomberg) -- Wells Fargo & Co. plans to raise interest rates on a majority of credit-card customers by 3 percentage points before new rules l...

Credit Card Fees Wil Race to Raise Fees Ahead of New Credit Card Rules

ABC News | DAVID MUIR and SADIE BASS | Posted 05.25.2011 | Business

Consumer advocates say the race is on, as banks and credit card companies look for ways to make up the estimated $50 billion they're about to lose whe...

Dodd Wants Immediate Credit Card Rate Freeze

AP | ANNE FLAHERTY | Posted 05.25.2011 | Business

WASHINGTON — Senate Banking Committee Chairman Chris Dodd, who is fighting for his political survival, proposed Monday an immediate interest rat...

Kathy Kristof: Personal Finance Columnist Gets Hit With 703.8% Rate On Credit Card

CBS Money Watch | Kathy Kristof | Posted 05.25.2011 | Business

Consumer reporters were all crowing about a 79.99% rate credit card that was launched in response to credit reform a few months ago -- collectively ho...