How is the interest calculated on a credit card ?

Josh
Posts: 16
 Joined: 2007-05-16

How is the interest calculated on a credit card ?

‹ Why are there two different interest rates for cash advance and credit card purchases ? Can I get a second credit card with my boyfriends name on it, instead of giving him mine ? ›

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Submitted by Josh on Sat, 2007-05-19 18:59. quote

admin
Posts: 69
 Joined: 2007-05-11
Re: How is the interest calculated on a credit card ?

The interest is calculated monthly on any outstanding purchases. This is why it is best to pay more than the minimum monthly payments to lower your balance.


Sat, 2007-05-19 19:02 reply | quote

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