2000<612+c
2000<612+c
If Henry had a credit limit of 1000 dollar and charged 847 dollars to his credit card, without exceeding his credit limit he would have 153 dollars credit available for his next purchase.c>1000-847
To determine the cost of Henry's next purchase that caused him to exceed his credit limit of $2000, we subtract his current balance of $612 from the limit. This means he could spend up to $2000 - $612 = $1388 without exceeding his limit. Therefore, any purchase over $1388 would lead him to exceed his credit limit.
Having a low interest credit card is preferable because it costs you less to use it. For example, if you have a 9% interest rate and you charged $100 on your card, than you would also have to pay $9 interest on that $100 dollar purchase. If you have a 29% interest rate on a $100 purchase than you will have to pay $29 dollars on that $100 purchase.
The purchase APR is the interest rate charged on purchases made with a credit card, while the cash advance APR is the interest rate charged on cash withdrawals made using the credit card. The cash advance APR is typically higher than the purchase APR and may also incur additional fees.
2000<612+c
If Henry had a credit limit of 1000 dollar and charged 847 dollars to his credit card, without exceeding his credit limit he would have 153 dollars credit available for his next purchase.c>1000-847
To determine the cost of Henry's next purchase that caused him to exceed his credit limit of $2000, we subtract his current balance of $612 from the limit. This means he could spend up to $2000 - $612 = $1388 without exceeding his limit. Therefore, any purchase over $1388 would lead him to exceed his credit limit.
500
I was charged $50.00 and $50.00 the same time? Where do I get a credit?
Having a low interest credit card is preferable because it costs you less to use it. For example, if you have a 9% interest rate and you charged $100 on your card, than you would also have to pay $9 interest on that $100 dollar purchase. If you have a 29% interest rate on a $100 purchase than you will have to pay $29 dollars on that $100 purchase.
The purchase APR is the interest rate charged on purchases made with a credit card, while the cash advance APR is the interest rate charged on cash withdrawals made using the credit card. The cash advance APR is typically higher than the purchase APR and may also incur additional fees.
Credit cards are not money, they are used to purchase things under a temporary loan, which can be repaid at a later time for a small fee charged by the credit card issuer.
The one possible disadvantage is - You would be charged a hefty interest and penalties if you fail to make payments on your credit card on time. And also it would affect your credit rating..
People who misuse credit cards are charged for misusing credit cards.
The cash advance APR for this credit card is the interest rate charged when you borrow cash using your credit card, typically higher than the regular purchase APR.
Yes.