Reply
Established Contributor
Posts: 739
Registered: ‎06-30-2007
0

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
Moderator Emeritus
MarineVietVet
Posts: 14,136
Registered: ‎07-14-2009
0

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

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}