Calculating the variable Annual Percentage Rate (APR) on a credit card involves a few key steps. First, you need to identify the reference rate, which is often stated in your credit card agreement as "Prime Rate + X%." The reference rate serves as a benchmark and can change periodically based on market conditions. Next, determine the margin, which is the fixed percentage added by the credit card issuer to the reference rate. Read More: https://bestcreditguides.blogspot.com/2023/05/how-to-calculate-variable-apr-on-your.html

Credit card scoring models have evolved significantly in recent years, incorporating new approaches and data sources to provide more accurate assessments of an individual's creditworthiness. Some of the key advancements include the incorporation of alternative data, such as utility payments and rental history, to capture a broader picture of an individual's credit behavior. Read More: https://cardinsider.wixsite.com/cardinsider/post/understanding-credit-card-scores-what-s-new-in-scoring-models

Cashback credit cards have seen a surge in popularity due to their ability to reward consumers for their everyday purchases. In recent years, the industry has witnessed several trends and innovative reward structures. One trend is the introduction of tiered cashback rates, where different spending categories earn varying cashback rates. Read More: https://creditcardinfobysachin.blogspot.com/2023/05/cashback-credit-cards-latest-trends-and.html