Paying your credit card weekly can shrink your balance, reduce interest, and help you stay in control of your spending. Here's what actually changes.

When you buy through links on our articles, Future and its syndication partners may earn a commission. Credit card interest rates rose last month, pushing the average APR to 'just over 20%'. | Credit: SI photography / Getty Images The savviest way to use a ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. Things can get even tougher, though, when you're carrying a larger-than-average balance. For example, when you're carrying a $ ...

For example, the Prime Rate is currently 6.75%. There’s nothing preventing a card issuer from tweaking a new customer offer from Prime Rate + 13% up to Prime Rate + 13.25% if it wishes to mitigate the impact of a Fed rate cut and make more money from interest charges.

Whenever we discuss the benefits of using credit cards, we typically caveat it with the most important rule: pay your credit card bill on time and in full every month. Paying on time prevents late fees and helps build your credit score, while paying in ...