Credit

Foreign Currency Payments

First of all, what is a foreign transaction fee – it is a fee charged by a credit card company/bank for EVERY transaction made in a country outside of the US. These fees might vary depending on the bank from 1 – 5% of the purchase amount. It might not seem like much, but adding up these fees throughout the whole time one is abroad might become very significant.

Understanding APR: A Key Factor in Financial Decision-Making

By Khayriddin Muradov It’s critical for college students to better their understanding of financial literacy ideas to be prepared for the complex world out there. APR, or Annual Percentage Rate, is one such important piece of financial literacy. When making financial decisions, it is crucial to comprehend APR because of its impact on borrowing expenses …

Understanding APR: A Key Factor in Financial Decision-Making Read More »