On a credit card cash advance with a 3% fee and a 3% APR, what does your actual APR on a 12 month term work out to be?
Calculation of annual percentage rates (APRs) on credit card and other revolving accounts does not follow the same formulas that apply to closed-end credit. The cash advance fee in your question is only used in the calculation in the month in which it occurs.
You said that the disclosed APR on the account is 3%. This is very low for a credit card account. That equates to a monthly periodic rate of 3/12% or 0.25%. The periodic rate in this case is increased to 3.25%, the cash advance fee is added, making the APR to be disclosed during one month only 3.25% x 12, or 39%. The following month, the APR would revert to 3%.
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Calculation of annual percentage rates (APRs) on credit card and other revolving 