if my cycle started on oct 1 and i had zero balance and on oct 10 i spent $100 and on oct 11 i spentb$30 and on oct 22 i took a cash adance of $1 and my cycle closes oct 30 and my due date is nov 15, what would my closing statement say?
HOW MUCH INTEREST IS GENERATED?
1) If paid on due date
2) if paid 5 days late
DO NOT BID IF YOU ARE IN INDIAPAKUSTAN
This is a simple question if you know your stuff.
apr 18% cash advance apr 25%
Lack of info to answer correctly
This all depends on the t & c of your credit card (most cards offer 30 days interest free on both purchase and cash advance). Also depends on the companies cash advance charges
Assuming the following - 30 days interest free , and cash advance fee of 3% (min $3)
Closing balance would be
($131) plus cash advance fee of ($3) = ($134)
1) Interest added 0
2) interest still 0 but following month you incur late payment fee
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