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Main => General Discussion => Topic started by: btswildpig on April 10, 2015, 06:55:14 pm

Title: 30day Cover rule mix with credit card minimum due payment
Post by: btswildpig on April 10, 2015, 06:55:14 pm

what do you think about the way credit card works . Due day , pay 10% minimum bill and continue interest per day , and you're settled for the month until next month's bill , and so on so forth .

I've used the minimum pay to avoid screwing up my credit report several times　.

30 day cover at once not only screw himself , but screw the market too , put more down pressure on BTS if it's on a bear market with thin order book .

also charging daily interest after minimum pay earns interest (profit) for the system by lending extra leeway to the shorter after 30days  , works like a bank .

In China , banks are currently earning 1.5% interest per month on credit card , that's 18% APR , big profit for the bank .

Title: Re: 30day Cover rule mix with credit card minimum due payment
Post by: sudo on April 11, 2015, 01:48:24 am

 +5% 

Title: Re: 30day Cover rule mix with credit card minimum due payment
Post by: sudo on April 11, 2015, 02:11:34 am

good idea

Title: Re: 30day Cover rule mix with credit card minimum due payment
Post by: TurkeyLeg on April 12, 2015, 02:59:09 am

Interesting!


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