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What is meant when a credit card has a fixed rate?

Anonymous

∙ 11y ago

Updated: 9/28/2023

When a credit card have a fixed rate, you will always pay each month the same rate on your bill. Some credit cards with an annual fee will offer variable rate depending on what kind of card you have.

Wiki User

∙ 11y ago

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Is the interest rate on this credit card variable or fixed?

The interest rate on this credit card is fixed.

What are the differences between a credit card with a fixed interest rate and a credit card with a variable interest rate?

A credit card with a fixed interest rate has a consistent interest rate that does not change over time, providing predictability in monthly payments. On the other hand, a credit card with a variable interest rate can fluctuate based on market conditions, leading to potential changes in the amount of interest charged on the balance.

Is there such a thing as a fixed rate credit card if you have excellent credit?

Yes, Capital One and Bank of America are two issuers who offer fixed rate CC to qualified consumers. (I know because I have fixed rate accounts with both).

What are some advantages of low fixed rate credit cards?

The advantage of low fixed rate credit card, it allows the card holder to pay for minimum balance without paying for a high interest rate, and not to accumulate a unpayable balance for the future.

Where can a Christian get a credit card consolidation loan?

A Christian can get a credit card consolidation loan at Prosper's online website. They offer many low rate debt consolidation loans with a fixed interest rate.

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