And if you tried to calculate it, you probably realized quickly that it's not so straightforward. Credit card issuers refer to a card's interest rate annually, as your annual percentage rate (APR ...

How APR works The APR of a loan represents the total cost of borrowing over the course of one year. It's calculated by combining the interest rate with any additional costs, such as origination ...

T here are a few significant perks to using credit cards as part of a well-rounded financial plan. Not only do credit cards ...