Learn how the previous balance method calculates credit card interest, its implications for cardholders, and why it might not be the best choice for you.

Discover how your credit card bill compares to the U.S. average and learn ways to manage debt, lower interest costs, and take control of your spending.

Credit card debt is a big problem for Americans, with collective balances coming in at around $1.115 trillion in total. For the individual American household, average balances are $8,483. That's a lot ...