All the Credit Card Companies don’t follow one-size-fits-all program for calculating your APR. According to law, it is the responsibility of the Credit Card Company to send you a written statement regarding how much you are charged in interest, and also the method which they’re using to calculate the interest.
Tagged as:
Adjusted Balance,
APR,
Average Daily Balance,
Billing Cycle,
billing periods,
calculation of APR,
Credit Card APR,
credit card companies,
Credit Score,
economic downturns,
economy,
Ending Balance,
Fixed APR,
How to Calculate Credit Card APR,
interest,
Methods to Determine the Total Balance that Charge the Periodic Rate,
Outstanding Balances,
payment history,
periodic percentage rate,
Previous Balance,
terms of credit card,
the Periodic Rate,
the Total Balance that Charge the Periodic Rate,
Two-Cycle Average Daily Balance,
Variable APR
