RE: Using Bitcoin to Borrow USDT to Buy HBD - 12 days later...

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Banks charge 3-6% per year if you lend longterm Money there, Credit cards or if you stretch your Account they charge you 12-15% per year, not month.

ecency
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Ah, I think I see where the misunderstanding comes from. I wrote:

"the interest rate 15.469008%, or $14.08 per month."

I've now edited that to clarify that the interest rate is the yearly rate:
"the interest rate was 15.469008% per annum, or $14.08 per month.

UK credit cards currently charge an exorbitant 35%, and US credit cards are closer to 20% I think.
!BBH

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Ah now it makes Sense. 15% on a yearly base sounds ok for such a deal though I think they will get cheaper once competition rises

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