Credit card interest rate

neo76

Junior member
  • Jan 16, 2009
    759
    23
    18
    Kandy
    Currently in Sri Lanka, the customers get a very minimal amount of interest for saving accounts. However, for loans, especially for credit cards, they charge 28% of high interest. The difference between the credit card interest rate and the saving account interest rate is very high. Why is that
     

    awankaya

    Well-known member
  • Aug 15, 2018
    953
    84
    48
    ඔබෙ හිත ලග
    Currently in Sri Lanka, the customers get a very minimal amount of interest for saving accounts. However, for loans, especially for credit cards, they charge 28% of high interest. The difference between the credit card interest rate and the saving account interest rate is very high. Why is that

    that is the business machan....
     

    CustomerSupport

    Well-known member
  • Mar 21, 2016
    2,407
    1,527
    113
    Currently in Sri Lanka, the customers get a very minimal amount of interest for saving accounts. However, for loans, especially for credit cards, they charge 28% of high interest. The difference between the credit card interest rate and the saving account interest rate is very high. Why is that


    That's how make money off people with horrible financial management. Don't pay for anything you can't afford with your savings. Never withdraw cash from a CC.
     

    Roxxy2K

    Well-known member
  • Dec 23, 2018
    9,415
    12,363
    113
    fuck credit cards. ඇයි බන් බැන බැන ඔව්වා ගන්නෙ.