If I put a €500 festival ticket, game console, or holiday flight on a card and only pay 2% each month, what do years 1, 2, and 3 look like?
Example only — not your card. Method: €500 at 22% APR (monthly rate = 22% ÷ 12). Each month, interest is added, then you pay 2% of the new balance.
Money
Plain answers to everyday money questions, with official links. Not advice.
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