Learn how to calculate average outstanding credit card balances and understand their effect on interest, credit scores, and financial health, ensuring smarter financial decisions.

As economic hardships continue, warning signs are flashing red for borrowers' finances nationwide. According to a new report from VantageScore, borrowers appear to be leaning harder than ever on their ...

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.

Despite record-high annual percentage rates (APRs) for consumers, credit card debt grew at a slower rate in 2024 than it did in 2023. The total amount of consumer credit card debt in the U.S. grew 8.6 ...

Learn some of the top credit card habits that lead to debt and simple strategies you can use to stay financially secure and ...

Evan Coleman is an Updates Editor on the Credit Cards and Travel Rewards team at Forbes Advisor, showcasing his interest in personal finance and love of travel. He has written for a variety of local ...

Americans currently owe a staggering $1.2 trillion in credit card debt, with the average cardholder carrying approximately $8,000 on their credit cards. But in today's high-rate, inflationary ...

APR is deliberately confusing and compounds daily. Read disclosure boxes, use 0% offers strategically, and make multiple monthly payments to minimize interest costs. When you see "18.99% APR" ...

Credit card annual percentage rates, commonly known as APRs, determine how much you’ll pay in interest if you carry a balance on your credit card. Your card’s APR can vary depending on a few different ...

Experts attributed the trend to factors like people not spending within their means, as well as easier access to credit like “buy now, pay later” services.