Source: WikipediaMoney Smarts » Demystifying finance charge computations on your credit card
I must mention this blog post I read a few weeks back at the Money Smarts blog at Inquirer.net
It gives you an idea how the credit card interest rate clause of “3.5 per cent per month on the average daily balance” works.
Filed under: Money Related | Tagged: Business, Credit, Credit card, Debit and Credit Cards, Financial Services, Home, Money Management, Personal Finance
