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If you have two different APRs on one credit card why does any payment you make go to the lower APR balance?
This Is A Complicated Question As I Read It. It Would Seem You Have A Gotten Cash On The Card Then You Have Charged Items. They Will Make You Pay For The Cash First Because It Is Getting Them More Interest, When It Is Paid, You Then Will Pay On Items Charged On The Card. Of Course You Will Recieve Checks In The Mail, Phone Calls, Ect. To Keep You Getting Cash So You Never Pay On The Charged Items. So They Can Make More Money. I Hope This Helps
What else can I help you with?
Can you prepay a credit card?
Yes, you can prepay a credit card by making a payment in advance of your billing cycle. This can help reduce your balance and potentially lower your interest charges.
How can I lower credit card processing fees?
To lower credit card processing fees, you can negotiate with your payment processor for lower rates, shop around for better deals from different processors, optimize your payment processing system to reduce fees, and encourage customers to use lower-cost payment methods like debit cards or ACH transfers.
Is it possible to prepay my credit card?
Yes, it is possible to prepay your credit card by making a payment in advance of your billing cycle. This can help reduce your balance and potentially lower your interest charges.
Can one late payment can lower your credit score?
yes
How does a declined payment affect credit?
A declined payment can negatively affect credit by potentially leading to late fees, increased interest rates, and a lower credit score.
Can you prepay a credit card?
Yes, you can prepay a credit card by making a payment in advance of your billing cycle. This can help reduce your balance and potentially lower your interest charges.
Is it possible to prepay my credit card?
Yes, it is possible to prepay your credit card by making a payment in advance of your billing cycle. This can help reduce your balance and potentially lower your interest charges.
How can I lower credit card processing fees?
To lower credit card processing fees, you can negotiate with your payment processor for lower rates, shop around for better deals from different processors, optimize your payment processing system to reduce fees, and encourage customers to use lower-cost payment methods like debit cards or ACH transfers.
Can one late payment can lower your credit score?
yes
Can one late payment lower your credit score?
yes it can
Can late payment lower your credit score?
Yes it will definitely!
Is it smart to pay off a car with a credit card that has lower interest rate?
In most car loans, a fixed rate and monthly payment will apply. You may have a credit card with a lower rate but if you make only the minimum monthly payment, you will most likely be in debt longer so the lower rate won't help you. It also depends on if your credit card interest is calculated on a daily average balance or compounded. Make extra payments to your car loan to pay less interest. [A average creditcard balance of $11,000.00 at 19.99% with a $100.00 monthly payment can keep you in debt for 29 years].
How does a declined payment affect credit?
A declined payment can negatively affect credit by potentially leading to late fees, increased interest rates, and a lower credit score.
What if you want to pay your credit card off will they lower your balance?
Usually not. Agreeing on paying offf a lower balance is knowing as a settlement. This will afffect your credit score neg.
Is it true that one late payment can lower your credit score?
Yes
What does it mean to transfer credit card balance?
To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.
How can I lower my credit card processing fees?
To lower your credit card processing fees, you can negotiate with your payment processor for lower rates, shop around for better deals from different processors, and consider using a flat-rate pricing model. Additionally, you can minimize chargebacks and fraud, ensure PCI compliance, and optimize your payment processing setup to reduce fees.
