Could someone explain how the Credit Cards work?

[chrisff1989]

:unsure:

[Krazy]

Yea, sure. When you deposit money, every 24 hours you collect interest. I forgot what the standard rate is. If you buy a credit card, your interest goes up. Let me use an example.

Say I have $50 on hand. I deposit all 50 dollars into the bank. 24 hours later, I hit the collect interest button. Then I deposit my money again, and wait until the next 24 hours is up so I can collect interest again. As you can see, you money rises much faster this way. If you have a credit card, your interest rate goes up. However, credit cards have usage fees.

Edit: The standard interest rate is 2%. After you deposit money, when it says collect interest, it shows you how much interest you collect and what your fee is. I currently have the Xlider credit card, and I have 25% interest with an 8% usage fee.

[chrisff1989]

Ok, thanks a lot man d--(O_O)--b

[Metal]

u forgot the most important things krazy
u can buy without withrawing cash.. like, right from the bank.

[Violet Vixen]

but you do need to withdraw cash to buy a creditcard?

[JayD]

no i dont think so :\=

[silenced]

eh i dont like it, just gonna save up the old fassion way!

[Ideal]

youll be here wen your 62 then

[silenced]

lol not if you give me a lone :P

[Tjoobie]

Do i win?

You have 2,978 $ in the bank.
You currently have 1 $ on hand.
Interest Rate 4%
You get 864 $ of interest.

+I allready bought Homegi....I mean boy