I see MINT are offering a 0% introductory rate until 01/09/2005 on new applications for their card, however, there is a charge of 2% of the amount transferred (minimum 5, maximum 40). If there is any % charge on the amount transferred, then surely it can't be 0% APR, can it?
I thought APR took account of *all* charges on an account, not just the monthly (or annual) interest rate. Is MINT just taking advantage of the confusion around the calculation of APR?
Without a hint of irony, "Neaco" astounded uk.finance on 08 Jan 2005 by announcing:
No. Check their quoted typical APR again ;-)
"Neaco" wrote in news:HmRDd.57$ snipped-for-privacy@newsfe3-gui.ntli.net:
No you're right - the APR must consider all charges.
Without a hint of irony, Guttorm Christensen astounded uk.finance on 08 Jan 2005 by announcing:
Which is why they never state 0% APR.
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