Learn how the previous balance method calculates credit card interest, its implications for cardholders, and why it might not be the best choice for you.

Your annual percentage rate, or APR, is charged on unpaid balances. It can be found on your card's monthly statement. Many or all of the products on this page are from partners who compensate us when ...

Transferring your balance to a 0% card is one option; another is to cut expenses and increase income. Many or all of the products on this page are from partners who compensate us when you click to or ...

If you carry a balance on your credit card from month to month, you're probably paying interest charges. First things first: It's best to avoid being charged that interest in the first place.

High-interest credit cards can significantly increase the cost of carrying a balance, with rates around 30 percent APR being particularly expensive. It may be beneficial to consider switching to a low ...

If you're managing a short-term financial gap, paying interest temporarily can be OK. Calculate the costs when deciding whether to carry a credit card balance or do a balance transfer. Try to avoid ...

Wouldn't it be great if low interest rates never changed? Sadly, the saying "All good things must come to an end" applies to credit cards too. Credit card companies are known for raising interest ...

A 0% intro APR credit card lets you avoid paying interest on purchases or balance transfers for up to 21 months. This can ...

Most economically literate people generally understand that price controls are a bad idea, leading to outcomes such as shortages and rationing of goods and services. But when it comes to credit cards, ...