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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%.

Purchase Protection

As a professor of finance, it's crucial to understand the concept of Purchase Protection. This insurance provides coverage for any purchases made with a credit or debit card...

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Standard Card

Credit cards are a common tool used for making purchases and managing finances. They are typically issued by banks or other financial institutions and come with a range of f...

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Entrance Fee

As you navigate the world of credit cards, you may come across the term "entrance fee" or "joining fee". This fee, which is payable upon approval of your credit card applica...

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Online Debit Card

Debit cards are a popular form of payment, especially in the digital world. These cards allow for instant deduction of funds from the card holder's bank account. To make a p...

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