Talk:Credit card interest

message: 24 Jan 2012
Under "methods for charging interest" there is a reference to U.S. Regulation Z.  The reference mentions that there are four approved methods, with explanations to follow.  I would like a link to the mentioned regulation.  i.e. http://www.fdic.gov/regulations/laws/rules/6500-1500.html#fdic6500226.14  I understand that external links should be limited and if entered, directly related to the subject of the article.  Since a notice is in place not to add links, I am asking for others to comment.  Currently there is one link in place, that in my opinion is not really appropriate.  In addition the four Wikipedia methods listed differ from what is seen in the actual FDIC regulation.
Please comment.  — Preceding unsigned comment added by Markbeckstrom (talk • contribs) 20:05, 24 January 2012 (UTC)
replies: text: Hi 68.9.46.230.  Please understand this issue from Wikipedia's point of view.  We get tons and tons of people trying to add their links to articles in wikipedia solely for the purpose of driving traffic to the site and earning a profit.  We see this on an hourly basis day after day.  I personally don't see the value in your site.  You've got some 'average credit card rates' but it doesn't explain how these are calculated and I don't really see how this is helpful to anyone.  We see links like these all the time.  Someone will create a small site, throw on some 'useful' information and then try to pass it off as a legitimate link.  If you want to advertise your site, why not go with google or yahoo advertising?  As a good faith effort, I wont delete the link but someone else will come along and identify it as spam.  Monkeyman 16:27, 9 February 2006 (UTC)
thread_title: Untitled

message: I may be wrong, but there was an apparantly very excellent analysis of the difference between interest rate calculation methods Average Daily Balance (as used in the USA) and Daily Accrual (as used in the UK). The result was that the monthly interest is slightly higher or lower (than with the other method) depending upon the number of days in the month, but the same over the year. (Mathematically the annual computation is exactly the same--just two different orders of calculation for arriving at the average). Although clearly excellent, with mathematical symbols and everything, I removed it, and replaced it with a discussion of differences between calculation methods, because the difference in charges between the two methods is trivial, especially when compared with the myriad of exceptions, charges, incomes, and marketing offers that the banks make. It might be nice for readers to see the proof that the difference is trivial, but usually an encyclopedia is expected to summarize such academic detail. Feel free to add what you think.
—The preceding unsigned comment was added by 70.162.103.106 (talk • contribs) 20:03, 7 June 2006  (UTC)
:The right thing to do then is copy it to the discussion page. So I did. 71.199.123.24 05:16, 7 July 2006 (UTC)
thread_title: 07 May 2006--Removed proof of trivial difference between interest calculation methods

message: The following sentence was removed, because it was felt that it did not conform to a neutral point of view.  If it is believed that this sentence is vital to the article, then please rephrase it to conform to Wikipedia standards.
:"Many people in the USA complain about high interest rates (at any rate higher than what they are used to), with interest rates in other countries giving a new perspective."ndyguy 21:24, 11 August 2006 (UTC)
replies: text: "Interest is criticized for being confusing to cardholders who also tend to lack self control and buy compulsively using whatever resources are provided to them, letting the bank profit on something that may not always be of true benefit. The response usually given in return is that consumers should educate themselves about how to make rational decisions regarding their power to purchase on credit card accounts."
(Sugar Daddy 02:35, 3 September 2007 (UTC)
thread_title: Sentence Removed

message: The three external links in this article were added in December 2005  by an anonymous editor who added no significant content to the article. These external links have been deleted and re-added many times since. Apparently, they were not used as sources for the article. These links are disruptive and unnecessary per WP:EL, so I have removed them. Here's the list for discussion:
* http://www.indexcreditcards.com/creditcardmonitor/ Current US credit card interest rate averages
* http://ibankdesign.com/board/Balance-transfer-and-low-rate-deals-f49.html Community-built database of promotional rates from US credit card companies
* http://www.creditaction.org.uk/debtstats.htm Monthly UK Debt Statistics Includes credit card rate averages—Preceding unsigned comment added by SueHay (talk • contribs) 15:08, 7 June 2007 (UTC)
replies: text: I've removed all the links and implemented the "NoMoreLinks" template. One link was dead; the other two were referral websites which listed various credit card offers and used redirects to track clicks. Any new links should be reviewed on this talk page first, to ensure that they meet Wikipedia guidelines listed at: WP:EL and WP:SPAM.--JKeene (talk) 23:05, 26 November 2007 (UTC)
thread_title:  External links 

message: In  'interest rate' section, what is "...even though inflation seems u per annum..."? I can't figure out what was meant, or I'd fix it myself...
71.139.166.86 (talk) 06:26, 27 December 2013 (UTC)
thread_title:  Interest rate section: