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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%.

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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Secured card

A secured card is a form of credit card where the cardholder pledges their Savings deposit as a guarantee for payment to the bank. This type of card is often utilized by ind...

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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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Credit Limit

As a card holder, it is important to understand the concept of maximum spending limit, also known as credit limit. This refers to the highest amount that you can spend using...

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