What is the interest rate charged on the unpaid balance of a credit card called?

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12-03-2021
Business

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What is the interest rate charged on the unpaid balance of a credit card called?

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user2378997624 user2378997624 · Answer 1 · 2021-03-12T20:36:49+01:00

user2378997624 user2378997624

12-03-2021

The prime rate come up with a basis for credit card issuers when they make interest rate offers in a credit agreement. 1 The amount of interest charged above the prime rate is known as the spread.

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