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.

Learn what total finance charges are, how they're calculated, and see examples to manage credit card debt effectively. Discover common finance charges and saving tips.

With over a dozen credit cards and millions of credit card points racked up, Nancy Jiang condenses the complex world of card-churning for maximum rewards with minimum effort. Her work has been ...

Credit card interest rates average more than 20 percent these days, which means carrying a balance can quickly snowball into paying a lot in interest charges. If you’re carrying debt, there are ...

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 ...

Experts say slower debt growth and lower rates could give consumers new opportunities to pay down balances and save money.

Most credit cards have variable rates with direct connections to the Federal Reserve’s benchmark. It follows that credit card rates spiked along with the Fed’s string of 11 rate hikes starting in ...

The Federal Reserve cut rates by a quarter point in October — the second cut of 2025. Another quarter-point cut is widely expected when the Fed meets next week, though chair Jerome Powell isn't ...

The last time the Federal Reserve cut the federal funds rate was on Sept. 17 when the benchmark rate was reduced by a quarter point. The Fed cut rates three times in 2024. The average 30-year fixed ...

The Federal Reserve on Wednesday issued the third consecutive quarter-point interest rate cut this year — likely impacting everything from credit card rates and mortgages to online savings accounts.

NEW YORK — Americans would save roughly $100 billion a year in interest costs if President Donald Trump‘s campaign proposal to cap credit card interest rates at 10% were implemented, according to a ...