Cryptocurrency Q&A
How do credit card companies determine interest?
How do credit card companies determine interest?
EtherealVoyager
Wed Jan 15 2025
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7 answers
1887
I want to know how credit card companies calculate the interest on their cards. What factors do they consider? Is it based on my credit score, payment history, or some other criteria?
7 answers
QuasarPulse
Thu Jan 16 2025
Credit card companies frequently adopt a daily method for calculating interest obligations.
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SsangyongSpirited
Thu Jan 16 2025
Similarly, writing a check from your credit card account may incur a separate interest rate.
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ethan_carter_engineer
Thu Jan 16 2025
Card companies distinguish between various types of transactions when determining interest rates.
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Riccardo
Thu Jan 16 2025
They base this calculation on the average daily balance of your account.
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Valentina
Thu Jan 16 2025
BTCC, a prominent cryptocurrency exchange, offers a range of services.
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