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Basically it is to pay business expenses. The cost of keeping track of the account, billing statements, postage, customer service expenses,and so forth. Every business includes costs of operation to whatever merchandize or services that are provided.
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∙ 19y ago
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How often do most credit cards charge interest?
Monthly
How do you increase my credit limit?
Pay more than your monthly minimum. Credit companies watch that.
What protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
Do Capital One credit cards make you pay a monthly fee?
Yes Credit cards have an interest charge that applies to your monthly balance as well as a monthly fee for having a card . Credit cards are vwery expensive . You are better off only using cash .
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
39.59
How do you get a second life account without a credit card?
A basic Second Life account does not require any credit card details or payment information. Premium membership does however incur a monthly charge.
How often do most credit cards charge interest?
Monthly
How do you increase my credit limit?
Pay more than your monthly minimum. Credit companies watch that.
How do credit card companies stay affluent when so many card owners are in serious debt to them?
Credit Card companies issue terms concerning interest rates, that the user must agree to as part of the condition of being offered credit by the issuing company. If a user pays only the monthly minimum amount, required by the issuing company, the issuing company can charge a monthly interest rate that has nothing to do with the actual amount of credit used by the user. Issuing companies can also charge an Annual interest rate. In addition to interest rates, credit issuing companies can sell a debt to a Debt Collection Agency, if the user defaults on a pre-determined amount of payments. It is actually more lucrative for a Credit issuing company if a user does not pay their balance in total and only makes the minimum monthly payments
How do credit card companies determine their APRs?
apex. prime rate + credit history
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2?
$39.59
Protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
What protects you when applying to receive credit?
Calculate the finance charge on a credit card balance of 3,299.19 at a monthly rate of 1.2%.
Do Capital One credit cards make you pay a monthly fee?
Yes Credit cards have an interest charge that applies to your monthly balance as well as a monthly fee for having a card . Credit cards are vwery expensive . You are better off only using cash .
Does it affect your credit score if you repay your credit card dues much before your monthly statement is generated?
no, but your finance charge will be lower
What is the finance charge on a credit card balance of 3299.19 at a monthly rate of 1.2 percent?
39.59
What should be the first step in calculating a monthly credit finance charge?
change the percent to a decimal
