Posts Tagged ‘APR’

Whoa – Credit Card Fees Higher Than Ever!

Wednesday, February 2nd, 2011

“NEW YORK (CNNMoney) — Interest rates are now hovering near record highs, at an average rate of 14.72%. And if your credit is bad enough, you could even end up with a rate as high as 59.9% APR.

That’s because while the CARD Act helped crack down on certain fees and requires more disclosures, it didn’t cap every credit card holder’s worst enemy: interest rates.”

What do you think?

Do you know how much interest your card company will charge you for a late payment?