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What is a credit card penalty APR and how can you avoid it?

Summary by CBS News
A penalty APR can drive up the cost of your credit card bill, so it's important to avoid this type of issue.

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What is a credit card penalty APR and how can you avoid it?

A penalty APR can drive up the cost of your credit card bill, so it's important to avoid this type of issue.

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CBS News broke the news in on Monday, April 7, 2025.
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