What Is Credit Card APR And How Can I Avoid It? - Crazy About Credit Cards

What Is Credit Card APR And How Can I Avoid It? Are you curious about how credit card interest rates work and how they can affect your finances? In this video, we'll explain everything you need to know about credit card APR and how to avoid paying unnecessary interest charges. We'll start by defining what APR is and how it's used to calculate interest on unpaid balances. You'll learn the difference between fixed and variable rates, and why understanding this distinction can help you manage your credit card costs. We’ll also cover how interest is calculated daily, even though APR is expressed annually, and what that means for your monthly bills. Plus, you'll discover practical tips on how to prevent interest charges, such as paying your full statement balance on time, taking advantage of grace periods, and choosing cards with zero percent introductory offers. We’ll also discuss the importance of reviewing your statements carefully and understanding your card’s rate type to stay in control of your expenses. Managing your credit card payments wisely can save you money and keep your financial health strong. Whether you're new to credit cards or looking to optimize your usage, this video provides essential information to help you make smarter financial decisions. Subscribe for more helpful tips on managing credit and improving your financial situation!

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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.

Видео What Is Credit Card APR And How Can I Avoid It? - Crazy About Credit Cards канала Crazy About Credit Cards