Established Contributor
Posts: 739
Registered: ‎06-30-2007

Re: APR Finance Charge Questions

credit caculate interest just like a savings account that is compound daily , the diffrnce is you paying, APY= earn APR = pay
People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
Posts: 14,967
Registered: ‎07-14-2009

Re: APR Finance Charge Questions

[ Edited ]

I also found this in my BoA statement:


Periodic Rate Finance Charges accrue and are compounded on a daily basis.


Ok it's time to move on.

Message Edited by marinevietvet on 12-18-2009 03:41 PM

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