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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 ...
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The CFPB is also looking to make it easier for consumers to comparison shop for the best credit card interest rates. Banks tend to compete on the basis of rewards, sign-up bonuses and introductory ...
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, according to this February 2024 report ...
So, if you owe $1,000 on your credit card, and your interest rate is 24.00% APR, you’ll be billed $20 for interest, or 1/12 th of the annual interest of $240. Now your balance is $1,020, and ...
Finding a low-rate card is no easy feat these days, as issuers increase APRs in preparation of pending credit-card reform. Citibank, for example, increased rates to 29.99% for an undisclosed ...
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