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A capped rate; where similar to a fixed rate, the interest rate cannot rise above the cap but can vary beneath the cap. This means it is cheaper for a merchant to accept a debit card for a large amount and to accept a credit card for a small amount. debt help The credit provider charges interest on the amount owed (typically at a much higher rate than most other forms of debt). outstanding balance debt help for purchases and pays the entire $1,000.
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