credit cards

Out of context: Reply #12

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  • JazX0

    quamb, you sound new to this, basic principle is that the bank you get your card through will charge you a % so they make money off of you. That interest rate (%) ranges generally between 7% to 19%, depending upon, basically, the contract you sign so be careful. The money they make depends on the principle balance on the account, so let's say you spend $200 in one night on something, they charge you a % off of this amount. Hope that helps.

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