Residual interest: What you need to know
If you’re carrying a balance on your credit card, residual interest can easily sneak up on you when trying to pay it off.
4 min read
Mar 21, 2022
Read the latest advice from our team at Bankrate on credit card interest rates - how to understand credit card APRs, steps to minimize interest rate payments, where to find the best 0% APR offers, and everything in between.
If you’re carrying a balance on your credit card, residual interest can easily sneak up on you when trying to pay it off.
33 percent of parents who plan to pay for summer childcare will accumulate debt.