Why Are Credit Card APRs So High?

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With all the recent news about low-interest rates, you might be wondering why the interest rate on your credit card is actually high. For the week of April 7, for instance, the average annual percentage rate on credit cards was at 15.93 percent. 

Original Article Source Credits: Bank Rate, https://www.bankrate.com/

Article Written By  Poonkulali Thangavelu

Original Article Posted on : 

Link to Original Article: https://www.bankrate.com/finance/credit-cards/why-are-credit-card-aprs-so-high/

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