LemmyKnowsBest@lemmy.world to Personal Finance@lemmy.mlEnglish · 21 days agoOn 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-square13fedilinkarrow-up128arrow-down12file-text
arrow-up126arrow-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 · 21 days agomessage-square13fedilinkfile-text
For example some credit cards have ridiculous monthly interest like 29.9% While offering a low 0.9% APR. Please explain.
minus-squarepapertowels@mander.xyzlinkfedilinkEnglisharrow-up3·edit-221 days agoOkay yeah if they charge 2k to do like $90 worth of service at jiffy lube, they’re just fleecing people. Even worse that you’d just done all of these things recently.
Okay yeah if they charge 2k to do like $90 worth of service at jiffy lube, they’re just fleecing people. Even worse that you’d just done all of these things recently.