Big spenders who regularly use credit cards face higher costs as new figures show that the average UK credit card interest rate is now the highest since at least 2006.A.
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Credit card interest rates are notoriously high: the: average was 16%6% at the beginning of July. If you don't pay off your balance every month, you could be buried under.
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According to a recent Atlanta Business Chronicle article, credit card activity has recently shown that consumer confidence in the economy is rising. As William Johnson, CEO of the Atlanta-based Citi.
"[Credit is a system whereby] a person who can't pay gets another person who can't pay to guarantee that he can pay."-- Charles Dickens As Charles Dickens describes it, credit.