How is Interest Calculated on Credit Cards?

Author: Alaskan Assassin
Posted: Thu Mar 08, 2007 1:05 pm
Post subject: HOW IS INTRESTS CALCULATED ON CREDIT CARDS?

HOW IS INTRESTS CALCULATED ON CREDIT CARDS?
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https://home.americanexpress.com/home/mt_personal.shtml
{TOP 3 FAVORITE CREDIT CARDS AND THERE LIMITS}
1)BANK OF AMERICA AK AIRLINES$7000
2)AMEX BLUE SKY$23,000
3)DISCOVER CARD CASH$5000

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Author: crybaby
Posted: Thu Mar 08, 2007 1:40 pm
Post subject:

As a percentage of average daily balance multiplied by days in billing cycle. Do you have a terms & conditions to read? It's in every one.

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Author: Alaskan Assassin
Posted: Thu Mar 08, 2007 1:44 pm
Post subject:

Anyone else
_________________
https://home.americanexpress.com/home/mt_personal.shtml
{TOP 3 FAVORITE CREDIT CARDS AND THERE LIMITS}
1)BANK OF AMERICA AK AIRLINES$7000
2)AMEX BLUE SKY$23,000
3)DISCOVER CARD CASH$5000

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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Author: Brammy
Posted: Thu Mar 08, 2007 1:59 pm
Post subject:

take your apr divide by 365, thats your daily interest rate. multiply that by the balance and then the number of days in billing cycle

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Author: Alaskan Assassin
Posted: Thu Mar 08, 2007 2:01 pm
Post subject:

Thanks Brammy I was just a little confused thanks again
_________________
https://home.americanexpress.com/home/mt_personal.shtml
{TOP 3 FAVORITE CREDIT CARDS AND THERE LIMITS}
1)BANK OF AMERICA AK AIRLINES$7000
2)AMEX BLUE SKY$23,000
3)DISCOVER CARD CASH$5000

---

CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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