 TITLE: Is Credit Card Interest Compounded Daily? CONTENT: Understanding the Impact of Credit Card Interest\n------------------------------------------------\nWhile credit card interest compounds daily, that doesn't mean you're powerless to avoid the impact of these charges.\nMake it a goal to pay off your statement balance each month, potentially by setting a budget that keeps your credit card spending in check. Or opt for a credit card that offers a promotional 0% APR for a stretch of time, and stay conscientious about paying off any charges or transferred balances within the promotional period. Interest can add up fast, but knowledge and planning can help minimize its effect on your budget. END