Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a default purchase rate?

April 26, 2017Default purchase rate

0

Posted

What is a default purchase rate?

1 Answer

0

Posted

This one is deep in the fine print. If you miss a number of payments, your interest rate goes up, even on your other credit cards! Look in the fine print to see if the card you’re interested in does this. You’ll often find the information close to where the company mentions “universal default.