answersLogoWhite

0

credit cards

User Avatar

Wiki User

7y ago

What else can I help you with?

Continue Learning about Finance
Related Questions

Payment method charges the highest interest rates?

credit cards


Which payment method typically charges the highest interest rates?

Credit cards typically charge the highest interest rates among common payment methods. The Annual Percentage Rate (APR) on credit cards can range from around 15% to over 25%, depending on the issuer and the cardholder's creditworthiness. This high-interest rate can lead to significant debt accumulation if balances are not paid off promptly. In contrast, other payment methods like debit cards and cash do not incur interest charges.


What payment method typically charges the highest interest rates A Credit cards B Cashier's checks C Prepaid cards D Payday loans?

Payday loans... the borrower is expected to repay the whole debt before their next pay-day.


What payment method charges the highest interest rate?

Credit cards typically charge the highest interest rates among common payment methods. Depending on the issuer and the user's credit profile, annual percentage rates (APRs) can range from around 15% to over 25%. Other high-interest options may include payday loans, which can have even steeper rates, but are less commonly used for everyday purchases. It's essential for consumers to be aware of these rates to avoid costly debt.


Does Amazon bill you before shipping your order?

Yes, Amazon typically charges your payment method before shipping your order.


Which method to compound interest pays the highest yield?

The method to compound interest that typically pays the highest yield is continuous compounding. In this method, interest is calculated and added to the principal at every possible instant, effectively resulting in exponential growth. While most traditional compounding methods (like annual, semi-annual, quarterly, or monthly) compound at specific intervals, continuous compounding maximizes the amount of interest earned over time. Therefore, for a given interest rate, continuous compounding will yield the highest returns.


What does charges are declined mean?

When charges are declined, it means that a payment transaction was unsuccessful and the payment method chosen (such as a credit card or debit card) was not authorized to complete the transaction. This could be due to insufficient funds, incorrect card details, or the issuing bank declining the transaction for security reasons.


What is meant by method related charges in construction?

Method related charges


Why does the gas station charge me 1?

The gas station charges you 1 as a pre-authorization fee to verify your payment method before you pump gas.


Is the straight-line amortization or effective interest rate method better?

This method is preferred over the straight-line method of amortizing bond discount or bond premium. Amortization of a bond discount or premium is the difference between the interest expense and the nominal interest payment. The amortization entry is: Interest Expense (effective interest rate x carrying value) Cash (nominal interest rate x face value) Bond Discount (for the difference)


What are the differences between paying off debt using the snowball method versus the avalanche method?

The snowball method involves paying off debts from smallest to largest regardless of interest rates, while the avalanche method focuses on paying off debts with the highest interest rates first. Snowball method can provide quick wins and motivation, while avalanche method can save more money on interest in the long run.


change payment method?

i was hacked and need to change my debit card so that i can still donate to ASPCA