Knowing how credit cards work can save you headaches and cash. In a nutshell, credit cards provide access to a revolving line of credit that allows you to make purchases that can be paid off later. Credit cards charge interest like other loans, typically ...

For example, the Prime Rate is currently 6.75%. There’s nothing preventing a card issuer from tweaking a new customer offer from Prime Rate + 13% up to Prime Rate + 13.25% if it wishes to mitigate the impact of a Fed rate cut and make more money from interest charges.

The “interest-free period” is not a flat promise for everyone. It depends on your billing cycle timing, whether you paid the full amount last month, and what kind of transaction you made.

FIRST ON FOX: Former Trump economic advisor and Unleash Prosperity’s Steve Moore has sounded the alarm over a plan by senators Josh Hawley and Bernie Sanders to cap credit card interest rates at 10%. Moore argues that while their proposal may be ...

Learn how subprime credit cards offer options for borrowers with poor credit. Understand their higher rates, credit limits, and the opportunity to rebuild your credit score.

INDIANAPOLIS — The saying goes, "You don't get what you don't ask for," and the same rule applies if you want a lower credit card interest rate. Matt Schulz, with LendingTree, said their survey found 83% of people who asked for a lower interest rate on ...

Personal finance expert Martin Lewis has shared his advice to anyone with debt on a credit card but warned people could make a mistake when applying