(NewsNation) — Americans have more credit card debt than ever, but knowing where you stand can help you climb out of a hole. Credit card balances in the U.S. hit a record high $1.21 trillion at the end of last year, according to the Federal Reserve Bank ...

Learn how the previous balance method calculates credit card interest, its implications for cardholders, and why it might not be the best choice for you.

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With over a dozen credit cards and millions of credit card points racked up, Nancy Jiang condenses the complex world of card-churning for maximum rewards with minimum effort. Her work has been featured in national publications such as The US Sun.

Credit card balances that never seem to shrink are usually a math problem, not a moral failing. When interest rates on plastic run in the high teens or even above 20 percent, every month you carry a balance,

If you're managing a short-term financial gap, paying interest temporarily can be OK. Calculate the costs when deciding whether to carry a credit card balance or do a balance transfer. Try to avoid letting short-term debt spiral into a long-term problem by ...