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How to Find the Interest Rate on a Discover Card
https://wallethub.com/answers/cc/how-to-find-interest-rate-on-discover-card-2140682522/
Here are the Discover card interest rates: Discover it® Cash Back: 11.99% – 22.99% Variable regular APR. Intro APRs of 0% for 15 months on purchases and 0% for 15 months on balance transfers. 3% intro balance transfer fee, up to 5% fee on future balance transfers (see terms)*.
How Does Credit Card Interest Works | Discover
https://www.discover.com/credit-cards/resources/how-does-my-credit-card-interest-work/
For example: If your credit card has an APR of 15%, it will have a daily rate of 0.041096%. Let’s say a cardholder has a balance of $1,000 at the 15% APR standard interest rate. The next day, interest is added and the balance becomes $1,000.41, plus any additional purchases and minus any new credits or payments.
FAQ what is my discover card interest rate
Is there a standard Discover Card interest rate?
No, there is no standard Discover Card interest rate; Discover card interest rate can be as low as 11.99% (V) or as high as 22.99% (V), depending on your credit. If you have excellent credit, you might get a rate at the low end of the range. But if your credit is just barely good, you’ll probably pay 20%+. All of those rates, or APRs, are variable.
How do I find the APR on a Discover Card?
Keep in mind that the APR is the annual interest rate on your account. To calculate your daily interest rate, divide the APR by 365 for the number of days in a year. How to find the interest rate on a Discover card: Check your statement: Look under the “Interest Charge Calculation” section.
How do I find the interest rate on my credit card?
To find the interest rate on your credit card, look at your cardmember agreement and your monthly credit card statements. Your interest rate will be there in the form of an annual percentage rate (APR). But as “annual” implies, an APR is the cumulative interest rate for a whole year, whic
What is a good introductory interest rate for a credit card?
It pays to shop around when you’re looking for a new card, to identify a good interest rate. Some lenders will offer you a 0 percent introductory interest rate for the first 9 to 12 months of card membership, giving you a chance to pay off a balance without owing interest.
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