Interest rates on credit cards can be paid annually. Change with the balance. Decrease with early payment. Can vary widely.
Computers and Technology · High School · Wed Jan 13 2021
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Interest rates on credit cards can be paid annually, although this may vary depending on the deal or the proposition made by the bank for your credit card statement. Hence, not paying before the due date can increase the interest to be paid since there are charges being added to your balance total.