How is credit card interest calculated? Credit card interest is what the credit card company charges you to borrow money from them, which is what happens when you carry a balance.

The annual percentage rates on credit cards have steadily gone up over the past few years. Based on Federal Reserve data, the average APR on all credit card accounts was 21.59% as of February 2024 ...

If you're considering a credit card processor, make sure you understand the different fees and how much you'll pay ...