If you carry a balance on your credit card from month to month, you're probably paying interest charges. First things first: It's best to avoid being charged that interest in the first place. Otherwise, understanding how this interest is calculated can help you better manage the costs of using credit.The interest rate Credit card interest rates are typically expressed as an annual percentage rate (APR). This is the rate used to calculate how much interest you'll be charged over the course of a year based on your average daily balance. The higher the APR, the more you'll end up paying in interest charges.Average daily balance Most credit card issuers use the average daily balance method to de
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