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What does life of balance mean?
Posted on September 1st, 2010 No commentsA life-of-balance interest rate on a credit card is the rate that’s applicable throughout the credit card’s life. In other words, a life-of-balance credit card will not see the rate increases of other low interest rate credit cards.
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A life-of-balance interest rate on a credit card is the rate that’s applicable throughout the credit card’s life. In other words, a life-of-balance credit card will not see the rate increases of other low interest rate credit cards.