What interest rate are fees charged at?

addison123 · #1 (**permalink**) 06-13-2008, 03:01 PM

Anyone know the answer to this? For example, lets say I have a card with 15% interest on purchases and 20% on cash advances - if I get hit with a $30 over the limit fee, would this accumulate interest at 15% or 20%? (or higher?)
Any thoughts?

xmer · #2 (**permalink**) 07-01-2008, 05:48 AM

Quote:

Originally Posted by addison123

Anyone know the answer to this? For example, lets say I have a card with 15% interest on purchases and 20% on cash advances - if I get hit with a $30 over the limit fee, would this accumulate interest at 15% or 20%? (or higher?)
Any thoughts?

First with those rates I would change credit cards try Capital One they get consistently good ratings. I would assume related to your interest rate they would charge you 20% because it is a cash expenditure

salisbury · #3 (**permalink**) 10-03-2008, 07:39 AM

The only way you will know for sure is to call the credit card company

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