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Anyone know the answer to this? For example, lets say I have a card with 15% interest on purchases and 20% on cash advances - if I get hit with a $30 over the limit fee, would this accumulate interest at 15% or 20%? (or higher?)
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If the over limit charge results from a purchase, I guess it should be treated at a purchase rate, but all the over limit charges and fees need to be pay back at once. For more information try Credit Card Offers information site.
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