What is the range of interest rates credit card issuers charge and what are the late payment fees?

Answer

The interest rates vary depending on your personal credit history. You can get anything from a fixed 9% or 10% to 27+% variable (yes, in some cases they can charge that much).

Late fees vary also and can cost you a bundle.

Most credit cards are between $25 and $35.

You need to "shop around" for the best bargain and read the contract carefully and completely, before you sign.

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