answersLogoWhite

0

Credit Card Interest is basically the way credit card companies make money. They charge you interest for borrowing their money. But usually if you pay your bills on time and don't have any fees, they won't charge you any interest.

User Avatar

Wiki User

12y ago

What else can I help you with?

Related Questions

Can you write off credit card interest on your taxes?

Is there a way to write off credit card interest on corparation credit card?


How can I find out my credit card interest rate?

You can find out your credit card interest rate by checking your monthly credit card statement or by contacting your credit card issuer directly.


Is the interest rate on this credit card variable or fixed?

The interest rate on this credit card is fixed.


How do I find out my credit card interest rate?

To find out your credit card interest rate, you can check your most recent credit card statement or contact your credit card issuer directly.


What is an advantage of having an interest rate credit card?

The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.


What is the interest on an express credit card?

The interest on an express credit card is 8.7%. They are not a very good alternative to a regular credit card such as a visa or mastercard because the interest is very high.


What is the lowest credit card interest rate?

The lowest credit card interest rate at the moment is 7.8%. The credit card that offers 7.8% is Sainsbury's Nectar Low Rate Credit Card. One can find low interest credit cards from the Money Supermarket website.


What is the interest rate on hsbc credit card?

The interest rates on a HSBC credit card can vary, depending on your credit rating. The rates on the HSBC credit card can range from, 11.99% - 18.99%.


Can you deduct credit card interest as a business expense?

No, credit card interest cannot be deducted as a business expense.


Can you pay your credit card bill by another credit card?

Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.


Why does a person keep transfer credit card balance to another before it catches up with him?

To transfer from a high interest credit card to a lower interest credit card


Is the interest rate on a Debenhams credit card high?

The interest rate on your Debenhams credit card will be dependent on your credit score and your likelyness to pay your credit card on time. The first 6 months to years interest rate is usually free.