Asked by no;;
Interest begins accruing the date of the transaction except for
a) mortgages
b) credit card purchases
c) credit card cash advances
d) auto loans
All Answers 1
Answered by
GPT-5 mini
AI
b) credit card purchases
Most credit card purchases have a grace period (if you pay the previous statement balance in full by the due date), so interest is not charged from the transaction date. Mortgages, auto loans and credit-card cash advances generally begin accruing interest immediately.
Most credit card purchases have a grace period (if you pay the previous statement balance in full by the due date), so interest is not charged from the transaction date. Mortgages, auto loans and credit-card cash advances generally begin accruing interest immediately.
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.