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Credit Cards

Annual Percentage Rate (APR)

Greetings, class. Today, we will be discussing an important concept in the world of finance: the annual percentage rate, or APR. This is the interest rate that is charged to credit card holders on any balances that are not paid in full by the due date. While some card issuers may advertise a seemingly low monthly interest rate, it's important to note that when calculated over the course of a year, this rate can reach as high as 43%.

Late Payment Fee

Credit card late fees are an important aspect of understanding the cost of borrowing money. It refers to the fee charged to a cardholder when their monthly payment is not re...

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General Insurance

As a credit card user, it is important to understand that you are automatically provided with General Insurance by your issuing bank. This insurance offers financial protect...

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International Card

As a knowledgeable professor in finance, it is important to understand the concept of an International Card and its benefits. This type of card allows you to use it abroad,...

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Charge Card

A charge card is a type of payment card that requires you to pay off the full amount of your purchases by the due date. Unlike credit cards, charge cards do not allow you to...

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