We Paid $104 Billion In 12 Months Just On Credit Card Interest! How to Minimize your Credit Card Payments

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According to Federal Reserve data compiled by MagnifyMoney, Americans paid $104 billion in interest on credit card purchases over the twelve months ending March 2018. That’s not outstanding credit card balances, which are near $1.04 trillion as of May 2018 – that’s just interest charges on the outstanding amount.

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