[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].