How Credit Card APR Really Works (And Why It Costs More Than You Think)
By Sahil MehtaSenior Financial Analyst, DollarDailyNews.com American household debt has crossed another uncomfortable milestone. Total credit card balances now exceed $1.13 trillion, and average APRs are hovering near multi-decade highs often above 24%. For roughly half of cardholders who carry a balance, this is not just a statistic. It is a silent drain on wealth. … Read more