Debt management 4

How to calculate credit card interest rates

Many banks and financial institutions offering credit cards. Company has an obligation to inform a given interest rate and calculation method for calculating the fine. for details, they are obliged to notify monthly interest calculated from the interest rate. divided by the number of months in a year.
Many creative ways done by credit card issuers to attract customers. Ranging from package plus insurance, discount shopping, discounts in the cafe or restaurant, to a free membership at the golf club.
eg user range, the interest rate, stride time

conversely, if your monthly bill is always there arrears then choose a credit card that had low interest or thoughts would be a wise choice
there are some credit card issuers that provide more than 30% interest
even up to 42%.
some credit card issuers use different methods of calculating the interest rate.
The four most common methods in use are

•  Method of calculating the average daily balance without including new purchases.
•  Method of calculating the average daily balance by including new purchases.
•  balance adjustment method last balance method 
•  last balance method

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