How Does Credit Card APR Work?
Lots of you have been asking me to talk more about APR, or annual percentage rate. This is a term used in reference to everything from mortgages and car loans to credit cards, so it’s really important that you take a few minutes to understand how it works!
In this video, I look at credit card APR – which we all have listed on our monthly statement. Here I jump into what APR is, how it’s calculated and how to think about APR when applying for new cards.
To get more awesome resources about APR, check out the “Better Money Habits” partnership between Bank of America and Khan Academy: https://bettermoneyhabits.bankofamerica.com/en/credit/what-is-apr
More from MissBeHelpful:
My VERY FIRST video (AWWW): https://www.youtube.com/watch?v=SO-xx4acDEM&t=206s
How to Improve Your Credit Score FAST: https://www.youtube.com/watch?v=QX3JZeEVgBM
Common Credit Card Myths: https://www.youtube.com/watch?v=RFPeyxmMbo4&t=4s
5 Things to Consider When Applying for New Credit Cards: https://www.youtube.com/watch?v=iXowOnl0Wrc&t=86s
How To Earn Rewards Without Hurting Your Credit Score:
https://www.youtube.com/watch?v=_djpGzJ3uks&t=2s
Why I Don’t Care About A Perfect Credit Score & You Shouldn’t Either: https://www.youtube.com/watch?v=gwj2ywlmf0Q
When Should You Get Your First Credit Card?: https://www.youtube.com/watch?v=wQxjJTYqKvI&t=2s
Can I Keep My Oldest Card Without the Annual Fee?: https://www.youtube.com/watch?v=jRL38UJWl-Y&t=2s
Is 0% Utilization Bad for Your Credit Score?: https://www.youtube.com/watch?v=zGhzG6FvWBw&t=2s
How Many Credit Cards Should You Have?: https://www.youtube.com/watch?v=tabVCCRFDN0&t=9s
How Authorized User Status Might Increase Your Credit Score: https://www.youtube.com/watch?v=9LgPACQq0Qo&t=2s
7 Reasons Your Credit Score Might Drop: https://www.youtube.com/watch?v=SSC5HtzVWh0&t=45s
How to Manage Many Different Credit Cards: https://www.youtube.com/watch?v=gqDw-92yQq0&t=4s
How to Upgrade Your Credit Card With a Product Change: https://www.youtube.com/watch?v=XUtzuKnOnqY&t=219s
Why Does It Take So Long to Fix Your Credit??: https://www.youtube.com/watch?v=ODvfz7r07xI&t=194s
3 Ways to Protect Your Credit Report & Financial Information: https://www.youtube.com/watch?v=2k-wEGcWjeo&t=8s
When to Pay Your Credit Bill and Increase Your Credit Score: https://www.youtube.com/watch?v=Ks6MjdlxTKQ&t=238s
Freeze Your Credit for FREE!: https://www.youtube.com/watch?v=U_dIKci6Ydg&t=17s
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’Til next time… PEACE!
