21 to 32 percent APR is pretty standard for credit cards.
Which is why you should pay off the balance of a credit card each month where possible so that you accrue no interest, which can easily be done by setting up a direct debit. They’re not meant to be for long term borrowing.
Card companies will make their money from responsible users through merchant fees, which is them passing on the burden to merchants.
The main reason you’d want to use credit cards is for the added rewards and consumer protections you’d get.
21 to 32 percent APR is pretty standard for credit cards.
Which is why you should pay off the balance of a credit card each month where possible so that you accrue no interest, which can easily be done by setting up a direct debit. They’re not meant to be for long term borrowing.
Card companies will make their money from responsible users through merchant fees, which is them passing on the burden to merchants.
The main reason you’d want to use credit cards is for the added rewards and consumer protections you’d get.