Can a credit card charge more than the maximum apr?

Answer The maximum APR a credit card company can charge varies from state to state. However, if you live in one state with a set maximum and your credit card company is based in another state with a highe... Read More »

Top Q&A For: Can a credit card charge more than the maximum apr

What is the legal maximum apr credit card companies can charge?

Usury, or the act of lending money at an unreasonably high rate of interest, varies from state to state. Many credit card companies have moved to states with more lenient usury laws, such as South ... Read More »

Can a merchant charge me more if i use a credit or charge card?

On One Hand: Merchant Cannot Charge MoreEvery time a consumer uses a credit card to make a purchase, the credit card companies charge the merchant an "interchange fee." Some merchants want to pass ... Read More »

Is it easier to be approved for a charge card than a credit card?

On One Hand: Charge Cards Are More Difficult To GetCharge cards are more difficult to get than credit cards and the approval process is more detailed. An above average credit score is needed to qua... Read More »

Is it illegal to charge more for using a credit card?

As of early 2010, charging consumers a fee for using a credit card is illegal in California, Colorado, Connecticut, Florida, Kansas, Maine, Massachusetts, New York, Oklahoma and Texas. However, mer... Read More »