WebMoved Permanently. The document has moved here. WebNov 18, 2024 · But if your credit card company has a minimum interest charge of $1, you’ll pay $1 in interest rather than $0.83. So, if you kept up your balance of $50 for the whole year, you’d end up paying $12 ($1 a month for 12 months) in interest instead of $10. This might sound like a minuscule difference, but $12 is 24% of $50, whereas $10 is just 20%.
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