Credit card interest rates represent the cost of borrowing from a card issuer, expressed as an annual percentage rate (APR). Applied to unpaid balances, they dictate how much extra you owe when carrying debt month-to-month. Card issuers profit directly from these charges, while responsible users who pay in full avoid them entirely, benefiting from interest-free grace periods.
Get alerts when this topic surges in newsletters. Free to start.
Sign up freeExplore more trends:Trending Topics ·AI Trends ·Business Trends ·Finance Trends ·Technology Trends