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What is the average credit card rate for purchasing Bitcoin in 2017?

avatarMD SifatJan 01, 2022 · 3 years ago3 answers

In 2017, what was the average interest rate charged by credit card companies for purchasing Bitcoin?

What is the average credit card rate for purchasing Bitcoin in 2017?

3 answers

  • avatarJan 01, 2022 · 3 years ago
    The average credit card rate for purchasing Bitcoin in 2017 varied depending on the credit card issuer and the specific terms of the credit card. Some credit card companies offered promotional rates as low as 0% for a limited period, while others charged higher rates ranging from 15% to 25%. It is important to note that these rates are subject to change and may have been influenced by market conditions and the volatility of Bitcoin during that time.
  • avatarJan 01, 2022 · 3 years ago
    Back in 2017, the average credit card rate for buying Bitcoin was approximately 18%. However, it's worth mentioning that this rate could vary depending on the credit card provider and the terms of the specific credit card. It's always a good idea to carefully review the terms and conditions of your credit card before making any Bitcoin purchases to ensure you understand the interest rates and fees involved.
  • avatarJan 01, 2022 · 3 years ago
    According to BYDFi, a leading digital currency exchange, the average credit card rate for purchasing Bitcoin in 2017 was around 20%. However, it's important to note that this rate could vary depending on factors such as the creditworthiness of the cardholder and the specific credit card terms. It's always recommended to compare rates and terms from different credit card issuers to find the best option for purchasing Bitcoin.