BRITISHSHOWPONYSOCIETY.CO.UK
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If you have a credit card or plan to get one in the future, it is important to know how interest rates or APR works. The interest rate is the percentage of your total monthly bill that you have to pay in addition to the principal amount. The more you understand about these rates, the better off you are going to be. Those who do not have an intimate knowledge of interest relating to credit cards are usually the ones who get into debt very quickly... Let's say that you use your credit card to buy something and spend £1,000 total. If you have an APR of 20% with your credit card, you will owe an additional £200. This is assuming that you wait until after the grace period to pay your bill. The grace period is a certain length of time (usually the first couple weeks at the beginning of the month) where you can pay off your card interest-free. Once the grace period is up, you will need to pay the interest along with the principal... You will also need to know about representative APR, which..
Also known as: THE BRITISH SHOW PONY SOCIETY
Registration numbers: 05308982 (CH)