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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%.

Platinum Card

Platinum, a metal more highly valued than gold, parallels the concept of Platinum Cards in the realm of finance. These credit cards boast elevated spending limits and luxuri...

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Default

In finance, default refers to the failure to make timely payments as per the signed agreement between a cardholder and their bank. When an account is in default, the issuing...

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Classic Card

One of the most popular payment methods used today is the VISA-branded card. This card allows individuals to make purchases at a wide range of merchants, both online and in-...

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Offline Debit Card

In the world of finance, we often come across terms that may seem daunting at first glance. One such term is "offline debit cards." Let's break it down. To put it simply, ...

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