April 11, 2021

The fine print that helps you distinguish if you have a revolving card or a credit card in your wallet


Updated:

Keep

Cards contracted in the supermarket, in a large chain or entity and used to finance purchases compared to those used to postpone expenses at the end of the month. The revolving cards and credit cards have one main feature in common: with both, the payments for all purchases are automatically deferred. With credit cards, payments are grouped in the period of time that the client has signed and are delayed until the chosen charge date. But, in the case of “revolving”, the expense derived from the purchase is postponed to certain terms with high surcharge interest. Furthermore, the main problem with the so-called «revolving» lies in the

.



Source link