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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%.

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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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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Free Credit Period

In the world of finance, there exists a concept known as a free credit period. This period, typically lasting between 20 to 50 days, is a time frame in which the card holder...

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Balance Transfer

Balance transfer is a term used in the financial world to describe the process of transferring unpaid credit card dues from one issuer to another. This practice is commonly ...

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