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Author: Imaginos1888 One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 41627  
Subject: Re: a very high interest rate... Date: 3/24/2006 12:37 PM
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If you read the small print you will see that the "minimum finance charge" in months in which you carry a balance is $1.00. Therefore, if your balance was a nickel the interest rate would be 24,000%. 2752.5% implies that your average balance was 43.6 cents.
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