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What is APR on a credit card?
A credit card’s interest rate is called its APR, or annual percentage rate. Different rates may be applied to various types of transactions — which could include purchases, balance transfers and cash ...
The Credit CARD Act of 2009 standardized the allocation of credit card payments among different balances. Card issuers must allocate credit card payments above the minimum payment according to the ...
Evan Zimmer has been writing about finance for years. After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money Tips) before moving to ...
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