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Which of these credit card features would be best for customers that want to pay off the balance on a high intrest credit card?
Wiki User
∙ 8y ago
Transferring the amount to a 0 interest, or lower interest card, may be helpful to give you more time to pay off the debt. This only works if you put the card that you paid off away so that you do not use it again (do not need to close account), until your bills are paid.
Wiki User
∙ 8y ago
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Which of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?
Low fees for balance transfers
Which one of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?
Low fees for balance transfers
Do banks have automatic balance transfers?
Yes, often times banks do provide a balance transfer in a form of a credit card. Often, their is a high intrest for doing so.
How does interest rate work on a credit card?
You are charged an annual intrest rate for example 18%. Intrest is calculated by the day. For example if you want to know how much a company is charging you per day for a balance all that you need to do is take the intrest rate that is being charged divide that by 365 ( days in a year) and then multiply that by the amount of your balance. For example your balance is $1000.00 your intrest rate is 18% 18%/365=0.0004931 0.0004931 x 1000.00=$.049 in this example you are being charged $.49 per day wich would equal about $180.00 per year for a $1000.00 balance. But keep in mind that the credit card companies are going to chare you intrest on the intrest that accrues so you would end up paying more than the $180.00 per year
Which of these credit card features would be best for customers who think they might not be able to pay their balance at the end of each month?
A low annual percentage rate
Which of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?
Low fees for balance transfers
Which one of these credit card features would be best for customers who want to pay off the balance on a high-interest credit card?
Low fees for balance transfers
Accounts receivable is decreased with a?
Accounts receivable is decreased with credit balance or by receiving the cash from customers.
When does accounts receivable have a credit balance?
If an account has a credit balance the customer must have overpaid on their account or a credit was issued by the company and posted to the customers account, resulting in a credit or negative balance.
Is sundry debtors have debit or credit balance?
Sundry Debtors always have Debit balance, if it is showing credit balance ie, Advance paid by Sundry debtors or your customers, if you are given discount after making the invoice, or excess payment done by your customers then the Sundry Debtors balance will be Credit. Regards, Ajish
Do banks have automatic balance transfers?
Yes, often times banks do provide a balance transfer in a form of a credit card. Often, their is a high intrest for doing so.
How does interest rate work on a credit card?
You are charged an annual intrest rate for example 18%. Intrest is calculated by the day. For example if you want to know how much a company is charging you per day for a balance all that you need to do is take the intrest rate that is being charged divide that by 365 ( days in a year) and then multiply that by the amount of your balance. For example your balance is $1000.00 your intrest rate is 18% 18%/365=0.0004931 0.0004931 x 1000.00=$.049 in this example you are being charged $.49 per day wich would equal about $180.00 per year for a $1000.00 balance. But keep in mind that the credit card companies are going to chare you intrest on the intrest that accrues so you would end up paying more than the $180.00 per year
Which of these credit card features would be best for customers who think they might not be able to pay their balance at the end of each month?
A low annual percentage rate
What credit card would be the best for customers who think they might not be able to pay their balance?
A prepaid credit card is best for those who believe they might not be able to pay the balance.
What would be best for customers who aren't likely to use their credit card very much?
For customers who are unlikely to carry a balance on their credit cards, the interest rate becomes less important than the features that the card offers. Benefits such as rental car insurance might be more useful than rewards based on how much the card is used.
Which credit card companies offer zero interest on credit card balance transfers for new customers with good credit?
Many credit cards offer zero interest balance transfers for new customers for a certain period of time. For example, Capital One, CitiBank, and Chase are all credit card companies that offer this perk. For more specific information, go to http://www.creditcards.com/balancetransfer and click on the link that reads "balance transfer".
Does the Chase credit card have interest applied to it?
All credit cards have interest applied, including the Chase card. The card does however, often come with interest free periods on purhases and balance transfers, and has up to 56 days intrest free on purchases providing you pay your bill in full and on time. Intrest free periods are often a promotion and may also depend upon your credit score.
