If Henry had a credit limit of 1000 dollar and charged 847 dollars to his credit card, without exceeding his credit limit he would have 153 dollars credit available for his next purchase.
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2000<612+c
Having a low interest credit card is preferable because it costs you less to use it. For example, if you have a 9% interest rate and you charged $100 on your card, than you would also have to pay $9 interest on that $100 dollar purchase. If you have a 29% interest rate on a $100 purchase than you will have to pay $29 dollars on that $100 purchase.
Credit cards are not money, they are used to purchase things under a temporary loan, which can be repaid at a later time for a small fee charged by the credit card issuer.
The one possible disadvantage is - You would be charged a hefty interest and penalties if you fail to make payments on your credit card on time. And also it would affect your credit rating..
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2000<612+c
500
I was charged $50.00 and $50.00 the same time? Where do I get a credit?
Having a low interest credit card is preferable because it costs you less to use it. For example, if you have a 9% interest rate and you charged $100 on your card, than you would also have to pay $9 interest on that $100 dollar purchase. If you have a 29% interest rate on a $100 purchase than you will have to pay $29 dollars on that $100 purchase.
Credit cards are not money, they are used to purchase things under a temporary loan, which can be repaid at a later time for a small fee charged by the credit card issuer.
The one possible disadvantage is - You would be charged a hefty interest and penalties if you fail to make payments on your credit card on time. And also it would affect your credit rating..
People who misuse credit cards are charged for misusing credit cards.
Yes.
When you use credit card for purchasing goods and services, the credit card issuer pays for it first and you pay the credit card company. On the other hand, when you purchase using a debit card, your purchases are charged to your bank account.
If you've added a credit card, in the case of a purchase that exceeds the funds in your PSN Wallet, the difference will be charged to your credit card. If you don't have a credit card associated with the account, then you will simply be unable to complete the transaction.
Most credit cards can be used world wide, however, you will be charged the current exchange rate between the country in which you make your purchase and your home country. For example, if you are American and you bought something for 10 pounds in Britain, you would be charged approximately $20US on your credit card ($10 being the exchange rate difference).