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What is the average interest rate on a balance transfer credit card?
The average interest rate on this type of card is about 14 percent. This of course varies by indivdual financial situation.
If Marty maintains an average balance of 3500 dollars on a credit card that he uses only for necessary purchases and the bank charges 19.9 percent interest how much interest will he pay?
He pays $696.50 interest.
Marty uses a credit card for only necessary purchases. The interest rate charged by the credit card company is 19.9 percent . If he maintains an average balance of 3500 owed?
696.50 (A+)
What companies offer credit cards with 0 percent interest on balance transfers?
There are many companies that offer credit cards with absolutely no percent of interest on balance transfers. Some of these companies are Capital One, Venture Rewards and Simmons First.
Linda received a credit card through the mail The interest rate charged by the credit card company is 24.9 percent If she maintains an average balance of 2400 owed on the card how much will she have?
$597.60
What is the average interest rate on a balance transfer credit card?
The average interest rate on this type of card is about 14 percent. This of course varies by indivdual financial situation.
If Marty maintains an average balance of 3500 dollars on a credit card that he uses only for necessary purchases and the bank charges 19.9 percent interest how much interest will he pay?
He pays $696.50 interest.
Marty uses a credit card for only necessary purchases. The interest rate charged by the credit card company is 19.9 percent . If he maintains an average balance of 3500 owed?
696.50 (A+)
What companies offer credit cards with 0 percent interest on balance transfers?
There are many companies that offer credit cards with absolutely no percent of interest on balance transfers. Some of these companies are Capital One, Venture Rewards and Simmons First.
How much interest will Linda pay per year if her credit card has a 24.9 percent interest rate and she maintains an average balance of 1800.00?
Interest due = 24.9% of 1800 = 1800*24.9/100 = 448.20
Linda received a credit card through the mail The interest rate charged by the credit card company is 24.9 percent If she maintains an average balance of 2400 owed on the card how much will she have?
$597.60
What is the average interest rate on sears credit cards?
Credit card interest rates vary with individuals' credit scores and worthiness. Sears offers three different credit card options with a stated average interest rate of 25 percent
How is Interest Expense with a credit balance classified in the financial statements?
An Interest Expense with a credit balance is reclassified as Interest Payable on the Balance Sheet.
What are the benefits of low credit card balance transfers?
Take advantage of low credit card balance rates. For example, why pay 24 percent on three separate credit cards when you could pay 15 percent interest on one card? Credit card issuers typically charge a balance transfer fee. This is typically around 3 to 5 percent of the balance you transfer.
Is interest earned a debit or credit?
All earnings and revenues has credit balance as normal balance so interest earned also has credit balance as default normal balance.
What is the average interest on a USA credit loan?
The average interest on a credit card in the USA is around 20 percent. Depending on how good your credit score is, you will get a better or worse interest rate. If you have very high interest rates but continue to pay your credit card on time the company may lower your interest rate.
Is interest payable a credit or debit?
Interest payable is liability account and have a credit balance as a normal balance.
