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  2. How to calculate credit card interest and save yourself money

    www.aol.com/news/2010-04-16-how-to-calculate...

    The chart for this sample bill also showed that if you double the minimum payment, which in this case would be $341, you could pay the card off in three years and save nearly $5,000 in interest ...

  3. Want a better credit card interest rate? Try smaller ... - AOL

    www.aol.com/finance/want-better-credit-card...

    According to the consumer protection agency, the 25 largest credit card issuers charged interest rates that were 8 to 10 percentage points higher than those offered by smaller banks and credit unions.

  4. The CFPB released a new credit card comparison tool. Will it ...

    www.aol.com/finance/cfpb-released-credit-card...

    The Consumer Financial Protection Bureau (CFPB) released its new Explore Credit Cards tool this week, intended to allow consumers to compare more than 500 credit cards based on “unbiased ...

  5. Credit card interest - Wikipedia

    en.wikipedia.org/wiki/Credit_card_interest

    Interest rates vary widely. Some credit card loans are secured by real estate, and can be as low as 6 to 12% in the U.S. (2005). [citation needed] Typical credit cards have interest rates between 7 and 36% in the U.S., depending largely upon the bank's risk evaluation methods and the borrower's credit history.

  6. Should I close my credit card if I have a high interest rate?

    www.aol.com/finance/close-credit-card-high...

    Key takeaways. High-interest credit cards can significantly increase the cost of carrying a balance, with rates around 30% APR being particularly expensive.

  7. Introductory rate - Wikipedia

    en.wikipedia.org/wiki/Introductory_rate

    A teaser rate is a low, adjustable introductory interest rate advertised for a loan, credit card, or deposit account in order to attract potential customers to obtain the service. [5] The teaser rates are normally too good to be true for the long term, and are far below the common realistic rate for the service.

  8. Prime rate - Wikipedia

    en.wikipedia.org/wiki/Prime_rate

    In the United States, the prime rate runs approximately 300 basis points (or 3 percentage points) above the federal funds rate, which is the interest rate that banks charge each other for overnight loans made to fulfill reserve funding requirements.

  9. Pros and cons of a balance transfer - AOL

    www.aol.com/finance/pros-cons-balance-transfer...

    A balance transfer credit card can help you pay off your debt faster and save money on interest, but it may not be the right move for everyone. Balance transfer credit cards offer advantages ...

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