What Is Credit Card Interest? | Capital One

[introspective music] - Hi. - Hey. I wanna get a credit card, and everyone keeps telling me that I should check the APR first. - You should. - One problem. I don't actually know what APR means. - APR stands for Annual Percentage Rate. It represents the price you pay to borrow money expressed as a percentage. - Wow. - Wow. - You can avoid paying more in interests or fees by paying off your balance in full and on time every month. - Interest, huh? - Mm-hmm. - Interesting. - Yeah. Just be sure to look at the APR before getting a new card. That way you'll know how much you'll be paying to borrow money. - Perfect. - Oh, there it goes. - I have enough unpredictable moments in my life.

That one's gone. Thank you. - APR is just one factor to consider when choosing your next credit card, but knowing what it is and understanding how it impacts your payments can help you make an informed decision. [introspective music].

As found on YouTube

Leave a Reply

Your email address will not be published. Required fields are marked *