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  2. Interest rate cap and floor - Wikipedia

    en.wikipedia.org/wiki/Interest_rate_cap_and_floor

    In finance, an interest rate cap is a type of interest rate derivative in which the buyer receives payments at the end of each period in which the interest rate exceeds the agreed strike price. An example of a cap would be an agreement to receive a payment for each month the LIBOR rate exceeds 2.5%.

  3. 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 ...

  4. How To Calculate APR: Your Guide - AOL

    www.aol.com/finance/calculate-apr-guide...

    To find a credit card’s APR, add the current U.S. bank prime loan rate and the interest rate the credit card issuer charges. The U.S. prime rate is currently 8%.

  5. What is APR on a credit card? - AOL

    www.aol.com/finance/apr-credit-card-190100668.html

    Daily rate. Find this rate by dividing your credit card’s purchase APR by 365 — the number of days in a year. Average daily balance. Add up your balances at the end of each day in the billing ...

  6. 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.

  7. How Credit Card Interest Is Calculated - AOL

    www.aol.com/news/credit-card-interest-calculated...

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

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

    While there is generally no cap on credit card interest rates, credit union card rates are capped at 18 percent, per the Federal Credit Union Act.

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

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

    If you make a $30 minimum payment on your credit card every month, it will take 73 months (more than six years) to pay off your debt in full — and you’ll pay a whopping $1,175 in interest ...

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