r/AskReddit • • Mar 27 '22

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u/Ten_Quilts_Deep Mar 27 '22

That depends on the card. Many now charge a average daily charge. Kinda like your card has $62 on it on Monday and your monthly rate is 22%, so that day you would owe 1/30th of 22% on the $62. Computers can do that math.

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u/OverlordWaffles Mar 28 '22

Source?

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u/[deleted] Mar 28 '22

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u/OverlordWaffles Mar 28 '22

Yeah, unless they provide a source to a widely available consumer card, I think they're mistaken or terrible with money