What interest rate are fees charged at?

Re: What interest rate are fees charged at?

addison123;34240 wrote: Anyone know the answer to this? For example, lets say I have a card with 15% interest on purchases and 20% on cash advances - if I get hit with a $30 over the limit fee, would this accumulate interest at 15% or 20%? (or higher?)
Any thoughts? 🙂

First with those rates I would change credit cards try Capital One they get consistently good ratings. I would assume related to your interest rate they would charge you 20% because it is a cash expenditure

Re: What interest rate are fees charged at?

The only way you will know for sure is to call the credit card company

Re: What interest rate are fees charged at?

It would depend on a couple things. Your CC agreement should list a "default rate" at which interest can be charged.
Also, you state may regulate the max by which interest can be charged on a closed account.