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Anyone know how to work out what my interest rate is?
woofwoofwoof
Posts: 244 Forumite
in Credit cards
Balance on card is 371.57 and interest last month was £1.71 - it is on a fixed life of balance rate. I'm just about to do the snowball calculator and this is the only card I don't actually have the interest rate for. Any help gratefully received:D
:hello:
0
Comments
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Looks like it's around 0.46% per month/5.5% APR, but isn't the rate shown on your statement?0
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No, it just shows the amount - its a Morgan Stanley one, could be because it is a 'life of balance'. Anyway, thanks a lot for working it out, I've been snowballing and there's light at the end of the tunnel!!:hello:0
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