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Why Is APR So High On Credit Cards? In this informative video, we will discuss the reasons behind the high Annual Percentage Rates (APR) associated with credit cards. Understanding how APR works can help you make better financial decisions and manage your credit card usage effectively. We will break down the concept of unsecured loans and how this impacts interest rates. Additionally, we will explore the risks that credit card companies face and how these risks influence the rates they charge.

You’ll learn about the benefits that come with credit cards, such as rewards programs and fraud protection, and how these perks contribute to higher APRs. We will also clarify how interest is calculated on a daily basis, which can lead to increased costs if balances are not paid off promptly.

By the end of this video, you will have a clearer understanding of why credit card APRs are set at certain levels and how you can avoid unnecessary interest charges. Join us for this essential discussion, and don’t forget to subscribe to our channel for more helpful tips on managing credit and finances effectively.

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About Us: Welcome to Crazy About Credit Cards! Our channel is dedicated to simplifying your credit card journey, whether you're a beginner or looking to maximize your rewards. We cover everything from Credit Card Basics and types of Credit Cards like Rewards, Cash Back, and Travel Credit Cards, to essential topics like Credit Card Interest Rates and how to Build Credit using these financial tools. We'll also discuss Balance Transfer and Secured Credit Cards as well as explain any Credit Card Fees you may encounter along the way.