The term usury goes back to Biblical times and has been historically banned by Christians and Muslims in financial transactions. This is not to say these groups do not employ usury as the original definition of usury simply meant interest but in modern times the meaning of usury has come to mean excessive interest charged.

The dilemma remains what is considered excessive interest. Lately the credit card companies have been accused of employing usury. Many credit card companies charge annual interest rates approaching and surpassing 20 percent for good credit risks.

Read our full interest and usury guide to learn more and then click for the full glossary of credit card terms.

Similar Articles:

Credit Cards

Disclaimer: This content is not provided or commissioned by American Express, Visa, MasterCard, Discover, or any other credit card company or issuer. The opinions expressed here are the author's alone, not those of any credit card company or issuer, and have not been reviewed, approved or otherwise endorsed by any credit card company or issuer. Credit Card Chaser may be compensated through various affiliate programs with advertisers. As always, Credit Card Chaser is an independent website commmitted to helping people research credit card offers and find the best credit card!