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Carrie could only afford to pay interest charges on her 4700 credit card balance If she paid 2350 in interest every month what was her annual interest rate?
5%
What is the APR on my credit card and how does it affect my overall balance and interest payments?
The APR on your credit card is the annual percentage rate that determines the interest you pay on your balance. A higher APR means you pay more in interest, increasing your overall balance and the amount you owe. It's important to pay off your balance to avoid accruing high interest charges.
Do you have to pay the statement balance or the current balance on your credit card?
You should pay the statement balance on your credit card to avoid interest charges.
Do you pay your statement balance or current balance on your credit card?
It is recommended to pay the statement balance on your credit card to avoid interest charges.
Should I pay my current balance or the statement balance on my credit card?
You should pay the statement balance on your credit card to avoid interest charges.
Should I pay the current balance or the statement balance on my credit card?
You should pay the statement balance on your credit card to avoid interest charges.
Should I pay the statement balance or the current balance on my credit card?
You should pay the statement balance on your credit card to avoid interest charges.
Should you pay the current balance or the statement balance on your credit card?
You should pay the statement balance on your credit card to avoid interest charges.
Can you explain how the APR on a credit card works?
The APR on a credit card is the annual interest rate charged by the credit card company for borrowing money. It is expressed as a percentage and is applied to any outstanding balance on the card. The higher the APR, the more you will pay in interest if you carry a balance on your card. It's important to pay off your balance in full each month to avoid accruing interest charges.
Do you pay your current balance or statement balance on your credit card?
Paying the statement balance on your credit card is usually the best option to avoid interest charges.
Should you pay the current balance or statement balance on your credit card?
It is generally recommended to pay the statement balance on your credit card to avoid interest charges.
How can I prevent interest on my credit card?
To prevent interest on your credit card, pay off the full balance each month before the due date. This will avoid carrying a balance and accruing interest charges.
