Credit Card Interest: The 2-Minute Guide

In this video, we break down what really happens when you don’t pay off your credit card balance and how those small charges can quietly turn into big debt over time. You’ll learn what APR (Annual Percentage Rate) means, how daily compounding interest adds up, and why minimum payments can keep you stuck paying for months or even years.

We’ll also cover:
• How banks calculate your daily interest
• What “20% APR” really means in dollars
• How to avoid paying interest completely
• The simple habits that keep your credit score strong

Credit cards can be powerful tools if used wisely or expensive traps if misunderstood. By the end of this video, you’ll know exactly how to stay on top of your payments and keep your money working for you.

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Видео Credit Card Interest: The 2-Minute Guide канала Business For Beginners