Maintaining Good Credit

What is a Variable Interest Rate?

TYPE: Video
Share Print
What is a Variable Interest Rate?

You've probably heard of variable interest rates before and you might already have one if you've got a credit card.

Related Articles

What is an APR?
Video

What is an APR?

June 5, 2020
Annual percentage rate, or APR for short, is a number your credit card company uses to calculate interest on your outstanding balances.
What is a Late Payment?
Video

What is a Late Payment?

December 5, 2019
A credit card payment is considered late if it's received by your credit card issuer after your payment due date.
What is a Billing Cycle?
Video

What is a Billing Cycle?

March 27, 2020
Knowing how your account's billing cycle works can help you avoid missing payments and incurring unnecessary fees.
A man uses his available credit to make a purchase at a store
Video

What is Available Credit?

April 3, 2020
Knowing your credit card's available credit can help you stay within your credit limit and be responsible for your spending.