Michelle Lambright Black, Founder of CreditWriter.com and HerCreditMatters.com, is a leading credit expert and personal finance writer with nearly two decades of experience in the credit industry.

The first step is to examine your monthly credit card statements and list the accounts from highest to lowest interest rates. Then, plug them into our calculator and you can see estimates for how ...

And despite how often the terms "APR" and "interest rate" are used interchangeably, they aren't quite the same thing. To better understand how credit card companies calculate interest charges ...

Credit card issuers are required to include a “minimum payment warning” in compliance with amendments to the Truth in Lending ...

Many credit card issuers calculate your minimum payment as the greater of: A set dollar amount, typically $35 A percentage of your balance, plus interest charges and late fees For example ...

Calculate your average daily balance ... In this case, you'd multiply $1.86 by 30, giving you an estimated $55.80 in interest. Credit card debt is one of the most expensive forms of consumer ...

If you do not pay your credit card bill fully on time, banks usually levy an interest rate on the due amount. This interest rate could be high in many cases, which is a percentage of the total due ...

If you're having trouble managing credit card balances, consider consolidating your debt to save time and money.