Money Smarts » Demystifying finance charge computations on your credit card

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.

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