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Just how was credit card interest rates determined?

Just how was credit card interest rates determined? Such as, let’s say the average each and every day balance was $dos,400 more than thirty day period, along with your card company uses 365 days in order to estimate the new each day periodic rate. Multiply $2,400 because of the 0.0548% to obtain $step 1.3152, which… Continue reading Just how was credit card interest rates determined?