LemmyKnowsBest@lemmy.world to Personal Finance@lemmy.mlEnglish · 3 个月前On a credit card, for people struggling unable to pay it off in full every month, what's the difference between "annual percentage rate" and "monthly interest rate" for unpaid balance?message-squaremessage-square7fedilinkarrow-up11arrow-down10file-text
arrow-up11arrow-down1message-squareOn a credit card, for people struggling unable to pay it off in full every month, what's the difference between "annual percentage rate" and "monthly interest rate" for unpaid balance?LemmyKnowsBest@lemmy.world to Personal Finance@lemmy.mlEnglish · 3 个月前message-square7fedilinkfile-text
For example some credit cards have ridiculous monthly interest like 29.9% While offering a low 0.9% APR. Please explain.
minus-squarejeffw@lemmy.worldlinkfedilinkEnglisharrow-up0·3 个月前I would never max out credit. That’s bad for your credit score. And those tempting offers are great until you don’t pay it all off and get slammed with interest.
I would never max out credit. That’s bad for your credit score. And those tempting offers are great until you don’t pay it all off and get slammed with interest.