Why Are Credit Card APRs So High? Explained
Credit card Annual Percentage Rates (APRs) are a critical factor for consumers to consider, as they directly impact the cost of borrowing. Yet, many people wonder, “Why are credit card APRs so high?” Understanding the reasons behind these high interest rates can help consumers make more informed financial decisions and manage their credit card debt more effectively. High APRs are not just arbitrary figures set by credit card companies; they are influenced by a combination of factors that reflect the ...
