What is APR: Didn’t Understand It and Paid $1,847 in Interest
I got my first credit card at age 22 and had absolutely no idea what “24.99% APR” meant. I didn’t care either; I just wanted the card so I could shop and build credit history. Interest rates seemed like something I would worry about later. Spoiler alert: “later” came quickly, and it turned out to … Read more