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If a person dies can the credit card account still accrue interest?
Wiki User
∙ 16y ago
No, it should not continue to accrue interest.
Wiki User
∙ 16y ago
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Generally how many days does a person have to make a payment for their purchases on a credit card bill before interest starts to accrue?
30 days
How many days does a person have to make a payment for their purchases on a credit card bill before interest starts to accrue?
IF you can pay the outstanding balance before the end of the sue date - you pay no interest. This period is usually 28 days from the date of the purchase.
Is it safe to open a joint savings account with a parent and sibling who has bad credit and is the co-signer's credit or their spouse's credit in jeopardy if one defaults?
Bad idea. If you're not old enough to open your own account the ask the parent with good credit (probably Mom)to open a juvinile account for you. The only two people that will have access to your account are you and your parent. As soon as you become of legal age close that account and open your own account. If the person you open a joint account with has bad credit it could fall on you. Bad credit means one of two things, the person fell on hard times and went into the hole a little bit or the person is clueless or irresponsible with finances. That's how the credit people see it. If you want to avoid all of that then open a safe deposit box and put your cash in there until you can open your own account. The problem is that your finances will not accrue interest in a safe deposit box. Example, if you put $100 in a box, 5 years later you'll still have $100. If you open an ING.com savings account, you'll have $100 plus 5 years of interest at 4+% a year. Do the math. ING is great. It's the highest paying percentage in the banking business. Good Luck.
What is a credit card balance A?
It is the balance on your account, indicating either how much money you owe or if you have some money in the account.
Where can I apply for the lowest interest credit cards?
The lowest interest rates on a credit card are made when the person has a good credit rating. The higher the limit, the lower the interest rate also.
If someone files for bankruptcy and another person is linked to one of their credit cards will it affect that other persons credit?
Not really, if Person B is just a person who received an additional card with access to that account. Person A is the person's whose credit is on the line for the account. Person B is in no way liable for the account because Person B is not part of the credit card agreement. The bankruptcy will not affect person B. Now the reason I say "not really" is because that account will be closed and Person B will no longer receive the benefit of having this account on their credit report as an authorized user. There may be a slight decrease but only from the general closure of an account.
What are the average interest rates on a American express credit card?
The average interest rate for American Express credit cards is 14.83%. Interest rates can vary from person to person based on their credit rating. Sometimes American Express even runs promotions where they have zero interest for a full year!
Why does a person keep transfer credit card balance to another before it catches up with him?
To transfer from a high interest credit card to a lower interest credit card
If a person has high available credit on cards they will not use again should they close those accounts?
It would probably be in your best interest to close the account(s). You will be protecting yourself from identiy theft/credit card fraud. And depending on your credit terms, annual or semi-annual fees, that can be assessed whether the account is used or not.
Will adding someone's name to a credit account in order to improve their credit effect the credit of the person whose card it is if the person added is not given a card?
The credit will only be effected based on the payment history, or the balance to limit ratio can have an affect. (i.e. if the credit card has a limit of $1000 and the balance is $999) or really over 50 percent of the limit it can affect your credit even you make the payments on time. It isn't the same way if you have a non-credit card type account. (i.e. a car loan or fixed type of loan). The biggest change that adding someone with bad credit to a loan or credit account can be is regarding the interest rate. If your doing it simply to improve credit, then make sure the loan amount is very small so you don't over pay interest.
What type of credit cards have the highest interest rates?
In the United States many of the popular credit cards have extremely high interest rates and it varies due to a variety of factors but generally this rate varies from 6% to 12%. The interest rate of a credit card can depend on a persons credit score for example if a person has a bad credit score the interest will be considerably higher than for a person that has a good credit score.
What are personal accounts based on?
The person that receives is the the Debit account. The giver is the credit account.
