How to calculate your credit card interest to figure out exactly how much your unpaid balances will cost you

Your interest rate is the amount your credit card charges you to borrow money. If you pay your credit card balance in full and on time, you generally don’t need to worry much about your interest rate, which is expressed as an annual percentage rate (APR). However, if you’re carrying an unpaid balance on your credit card, you’re paying a little interest every day, which you’ll see on your monthly bill. While you’ll want

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