What is interest how does interest affect credit card purchases

Asked by admin @ 05/11/2021 in Computers and Technology viewed by 439 People

What is interest? How does interest affect credit card purchases?

Answered by admin @ 05/11/2021

Answer:

Explanation:

money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

Credit cards charge interest when you don't pay off your full balance by the due date each month. When you carry, or revolve, a credit card balance from month to month, interest is charged on a daily basis, and it affects both your existing balance and any new purchases that post to your account.

How can you avoid paying interest on your credit card

Asked by admin @ 28/10/2021 in Business viewed by 282 persons

What is the best strategy to avoid paying interest on your credit cards? A. Have credit cards from two different banks. B. Make payments online C. Pay the minimum balance …

Interest rates on credit cards and other loans are _____

Asked by maham237 @ 11/07/2021 in Computers And Technology viewed by 341 persons

Select the best answer from the choices provided. not important the price you pay for using the creditor's money determined by the person taking the loan a category of discretionary …

What is the grace period on a credit card answers

Asked by admin @ 26/11/2021 in History viewed by 319 persons

What is the grace period on a credit card A. the amount of time a person has to wait to get approved for the card B. the number of years …

I just turned 18 can i get a credit card

Asked by admin @ 05/11/2021 in Mathematics viewed by 276 persons

You just turned 18, and you can get your own credit card. But, because you are a young person with no credit history your interest rate will be relatively high …

How much do you currently owe on this credit card

Asked by admin @ 29/10/2021 in Law viewed by 358 persons

How much do you currently owe on this credit card?

What is a typical grace period for a credit card

Asked by admin @ 29/10/2021 in Computers and Technology viewed by 326 persons

What is a typical grace period for a credit card... a. 2 to 5 days b. 10 to 14 daysC. 20 to 25 daysD. 35 to 40 days?

What is the average daily balance on a credit card

Asked by admin @ 29/10/2021 in Mathematics viewed by 287 persons

The average daily balance of a credit card for the month of November was $700, and the unpaid balance at the end of the month was $1,400. If the monthly …

Just turned 18 how do i get a credit card

Asked by admin @ 28/10/2021 in Mathematics viewed by 303 persons

You just turned 18, and you can get your own credit card. But, because you are a young person with no credit history your interest rate will be relatively high …

Credit cards can help when paid off on time regularly

Asked by admin @ 28/10/2021 in Business viewed by 259 persons

Credit cards can help _____________ when paid off on time regularly.

The annual percentage rate on a credit card determines _______

Asked by admin @ 27/10/2021 in Business viewed by 302 persons

The annual percentage rate on a credit card determines _______. A.)the amount of interest you are charged on credit card purchases B.)the amount your credit limit can go up within …

You have 1998.00 on a credit card with a 14.5

Asked by maham237 @ 16/06/2021 in Mathematics viewed by 496 persons

You have $1,998.00 on a credit card with a 14.5% APR. You miss your minimum payment the first month and there is a late fee of $37.00. How much is …

Which of the following is not a credit card perk

Asked by maham237 @ 08/06/2021 in Mathematics viewed by 305 persons

O A. College points O B. Miles O C. Cash back O D. Balance transfer

Becca opens a credit card with an apr of 22.99

Asked by maham237 @ 07/06/2021 in Mathematics viewed by 307 persons

APR of 22.99%. How much is charged in interest this month if her balance is $1750? $19.16 $22.99 $33.53 $402.33

Which answer best describes a credit card

Asked by maham237 @ 10/01/2021 in Mathematics viewed by 398 persons

11 Which statement best describes purchases made with a credit card? A Purchases made with this card are withdrawn directly from a bank account. B Purchases made with this card …

Dennis has a credit card with an apr of 10.14

Asked by maham237 @ 09/01/2021 in Mathematics viewed by 332 persons

Dennis has a credit card with an APR of 10.14% and a billing cycle of 30 days. The following table shows his transactions with that credit card in the month …