Beware that
different types of credit card transactions incur different APRs and associated fees.
Not exact matches
Credit card issuers often set
different rates that apply to
different types of transactions and
different circumstances.
Being aware
of the
different types of credit cards and their interest rates can help you understand what
type of card is best for you and how to manage the
different types of transactions you put on that
card.
Because there are several
different rates attached to
credit cards - balance transfers, purchase, cash advance, the standard APR's may be
different for each
type of transaction.
xlsx version
of the template, mostly explaining how to enter
different types of transactions (transfers,
credit card payments, savings allocations, etc.).
The problem is, there's no simple answer to this:
credit cards can charge a
different interest rate for
different types of transactions.
This is especially useful if you have conducted a balance transfer or cash advance with your
credit card, as those
types of transactions typically are subject to a
different rate and possibly a
different calculation method.
Most
credit cards have four APRs, each for a
different type of transaction.
With this new support, users will be able to complete a handful
of different transaction types simply by asking their Alexa - enabled devices to do so, including the ability to ask about a
credit card balance as well as pay a
credit card bill, inquire about a Quicksilver
card balance, and hear about recent
transactions made with a Capital One checking account.