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-squaretwack@lemmy.worldlinkfedilinkEnglisharrow-up2·20 days agoYea uhh that’s just a straight up scam then. Don’t go to that dealership anymore. And report them to Mercedes corporate
Yea uhh that’s just a straight up scam then. Don’t go to that dealership anymore. And report them to Mercedes corporate