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A credit card issuer charges an APR of 13.99 and its billing cycle is 30 days long What is its periodic interest rate?
Wiki User
∙ 8y ago
1.15%
Jaythedon
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If you pay off the balance do you have to pay interest?
No, if you completely pay off your credit card before the next billing cycle, you dont have to pay any interest. Check with your credit card company to see what their billing cycle is
Where can one find a credit card that charges no interest?
Depending on the country that one resides in it would be difficult to find a no interest credit card. The company Virgin provides no interest credit cards.
Which payment method charges the highest interest rate?
credit cards
What does due date means on credit card?
Due date on your credit card billing is the date that you should pay your balances in order not to have extra charges or fees.
Why does capital one charge interest fees?
Capital One charges interest fees when the balance on the credit card is not paid in full each month. The user will cease to pay interest fees when the balance on the credit card reaches zero.
What is the formula used to calculate 8.5 percent interest on a credit card with a balance of five hundred dollars?
Credit card companies use several methods to calculate interest. There can be one or two billing cycles per month. Interest can be charged on the daily balance, new purchases, etc. You should refer to the "How finance charges are calculated" section of you billing statement.
If you pay off the balance do you have to pay interest?
No, if you completely pay off your credit card before the next billing cycle, you dont have to pay any interest. Check with your credit card company to see what their billing cycle is
How can interest charges be avoided on a credit card?
ppi
Identify and explain three items on your monthly credit card starement?
Three items that appear on a monthly credit card statement are charges for the billing period, interest rates and amount incurred, and payments that were applied since the last statement was sent.
What are the uses of average in your daily life?
Credit card companies use average daily balance to calculate interest charges. Each day's balance is added together, and then divided by the number of days in the billing cycle.
Where can one find a credit card that charges no interest?
Depending on the country that one resides in it would be difficult to find a no interest credit card. The company Virgin provides no interest credit cards.
What is fair credit billing act?
Who does the Fair Credit Billing protect Who does the Fair Credit Billing protect
Payment method charges the highest interest rates?
credit cards
Which payment method charges the highest interest rate?
credit cards
What are the benefits of VOIP billing?
VOiP billing is a really helpful type of billing method. It works best for people who want a safe and secure billing method that has no hidden charges or hassle fees. It is safe and secure and also helps in credit spending.
What does due date means on credit card?
Due date on your credit card billing is the date that you should pay your balances in order not to have extra charges or fees.
What is the term used to describe the dollar amount of a periodic interest changed by financial institutions on credit accounts?
periodic rate
