Top 16 Dirty Secrets To Know When Using Credit Cards

Credit card dirty secrets. Mysterious person holding a credit card.

here (10) Method of Interest Calculation Secret

It is one of the http://vitm.com/E0R6xe-0p7J4nX3p6i8O1_4w3C7N 8691/ trickiest credit card dirty secrets about calculating your interest. Bankers usually calculate interest by using an http://ajm-web-designs.co.uk/main-sitemap.xsl average daily balance http://secfloripa.org.br/esminer/393 method. In this method, they add your charges & payments daily.

They add your total & divides it by number of days in the month to find out your http://sundekantiner.dk/bioret/664 “average daily balance”. Now, annual interest rate is divided by 12 to get http://foodintravel.it/wp-json/oembed/1.0/embed?url=http%253A%252F%252Ffoodintravel.it%252Fi-legumi-le-proprieta%252F “monthly periodic interest rate”.

Bank multiplies your average daily balance by monthly periodic interest rate. This is done to obtain go to link finance charges for that month. You should understand the method of La 3T Turian go site distribuisce ufficialmente i bearing isolators di Inpro-Seal in Italia. 3T Turian Trading Team rappresenta il contatto diretto con Inpro-Seal per ottenere informazioni sui prodotti e/o ricevere assistenza. interest calculation to control your finances.

http://www.newmen.eu/pigils/niodjr/119 (11) Two-Cycle Billing Method Secret

It is one of the highly frustrating credit card dirty secrets about their billing cycle. Credit card issuers are found to use two-cycle billing method. It helps to eliminate the benefits of TOP http://brothershandcarwash.com/milioster/3882 ⭐ lll Jetzt im IQ Schnelltest herausfinden, wie intelligent du bist! 100% kostenfrei ohne Anmeldung über 4 Mio. Teilnehmer grace period from cardholder’s account. In this method, interest fee is determined from an average of two months.

The finances charges calculated on two-cycle billing method is much higher as compared to calculation based on average daily balance. You should follow site understand the method of interest calculation to control your finances.

http://unikeld.nu/?ioweo=si-guadagna-con-le-opzioni-binarie&118=64 (12) Playing With Emotions Secret

It is another popular credit card dirty secrets about playing with the emotions of customers. Some credit card issuers try to fool the customers.

They often ask customers to donate undisclosed amount of money for some good cause like curing cancer, helping animals, building homes for poor, etc.

Image Source: Shutterstock

Recommended Posts

More From GetUpWise

About Editing Staff
At GetUpWise, we are a team of professional writers from different areas of subjects. We are conducting thorough research on each & every topic from highly reputed sources before writing any piece of article. Once research is done, we try our best efforts to provide informative piece of articles in an easy to understand manner. It is something that is extremely essential to meet our goal while reaching & offcourse building a strong online community. We do update our articles from time to time in order to provide the most latest information quickly. Thus, our articles can be used as a "way to gain smartness".

Leave a comment

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Get Instant Access To GetUpWise Posts

Subscribe Us

Please do verify your email address by clicking a link sent to your email.

More in Credit Card
Different tricks to maximize cash back rewards.
10 Amazing Tricks To Maximize Cash Back Rewards Without Over Spending

Cashback rewards are one of the most attractive features of credit card industry. You can easily & quickly use some...

Close