Author Archives: Cindy Webb

Throughout the days when the federal bank interest rates were at their lowest, in 2002 and 2003 to be precise, countless credit card providers offered % APR credit cards to a lot of consumers. Needing to only pay the outstanding balance, smart consumers could charge up to their limits without incurring monthly interest charges. The question that many people were asking when these credit cards were at their peak of popularity was this: how can charge card providers make money from this type of plan? Well, good question! Let’s examine % APR credit cards and exactly how they function. You simply might be surprised at the answers! Continue reading →