credit card interest
Plastic debt charge
Credit card interest is the fee charged by a card issuer on unpaid balances, typically expressed as an annual percentage rate (APR) but calculated daily.
When you carry a balance rather than paying in full, interest accrues on purchases and often on cash advances at higher rates.
The credit card interest alone was costing her hundreds a month.
Credit card interest rates are notoriously high compared to other forms of borrowing.
- APRYearly borrowing cost
- introductory rateTemporary low initial charge
- finance chargeCost of borrowing money
- balanceSteadiness or amount owed
- balance transferMoving debt to another account
debt · debt spiral · percentage · monthly · compound · revolving · minimum payment · pay in full · statement · overdue · penalty · accruing · usury · rate · billing cycle · fine print · fees · late
- money wasterslottery tickets, gambling losses, payday loans, overdraft fees, late fees
- interest ratesprime rate, base rate, discount rate, lending rate, nominal rate
- interest deductions
- pricingpricing, discount price, overpricing, discounts, overcharge
credit card interestcredit card rewards
Benefits from card purchases
sign-up bonus · grace period · rewards points · statement credit · zero percent APR
credit card interestinterest income
Money earned from loans
interest earnings · investment returns · dividend income · yield
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