Daniel Kurt is a personal finance writer who helps readers manage their money with a long-term mindset. Daniel often writes about budgeting and retirement planning, as well as how to teach financial literacy to kids (he has five). His work has appeared on numerous websites, including Investopedia and Fatherly.
Articles by Daniel Kurt
How is Interest Calculated on Credit Cards?
While you’re likely to see the annual percentage rate (APR) on your card’s disclosure documents, issuers generally charge you interest on a daily basis. Because most cards use a daily compounding method, you effectively pay a higher percentage than the APR.
