How To Replace a High Interest Rate Credit Card With a Low Interest Rate Card?

Answer Many consumers sign up for a specific credit card because they were offered an attractive introductory interest rate. The problem with introductory rates is that they eventually increase. Before yo... Read More »

Top Q&A For: How To Replace a High Interest Rate Credit Card...

What is the difference between rate of return&interest rate?

Rate of return, call known as return on investment, is a percentage of the total profit made from an investment compared to the amount of the investment. Interest rate is the percentage of a loan's... Read More »

Is credit card interest tied to the prime interest rate?

According to the Federal Reserve, some variable-rate credit cards base their interest rate on the prime interest rate. However, other rates can also be used, such as the Treasury bill rate.Source:F... Read More »

Relationship Between Forward Rate & Interest Rate?

Forward rate is a term used in finance. It relates to interest rate because these two rates are needed to calculate the price of a future engagement which, in finance, is known as a "forward contra... Read More »

How to Convert the Lease Rate Factor to an Interest Rate?

When you're purchasing a car, financing is an important consideration. The most important aspect of financing is the interest rate. The higher the interest rate, the more money you're paying for th... Read More »