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Amex credit card question

Posted on 2/7/13 at 8:50 am
Posted by Motorboat
At the camp
Member since Oct 2007
24202 posts
Posted on 2/7/13 at 8:50 am
If one has a gold or platinum card, what is the penalty if your card balance is not paid off monthly?
Posted by BACONisMEATcandy
Member since Dec 2007
46738 posts
Posted on 2/7/13 at 8:58 am to
quote:

you instantly incur a penalty in the ballpark of 3% (which is a huge interest rate when annualized)


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