Credit Card APR – What exactly is APR?

Credit card financial jargon can be complicated for most people to understand. Even after being given the financial details from the companies themselves, most people would still be completely lost. Hopefully after reading this article you will have a better understanding of the terminology most companies use, allowing you to make a more informed choice when selecting the best card for your needs.

A problem called ‘Credit Card Debt‘

Credit cards are no more a luxury, they are almost a necessity. So, you would imagine a lot of people going for credit cards. In fact, a lot of people posses more than one credit cards. So, the credit card industry is growing by leaps and bounds. However, the credit card industry and credit card holders are posed with a big problem called ‘Credit Card Debt’. In order to understand what ‘credit card debt’ actually means, we need to understand the workflow associated with the use of credit cards..