That little number at the bottom of your credit card statement — the minimum payment due — has a way of looking deceptively affordable. For example, if you're staring down a $10,000 balance that you ...

Carrying a balance on your credit card is far from unusual these days. With prices climbing due to sticky (and rising) inflation, more people are leaning on plastic to cover everything from their ...

Peter is a writer and editor for the CNET How-To team. He has been covering technology, software, finance, sports and video games since working for @Home Network and Excite in the 1990s. Peter managed ...

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