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APR explained in 60 seconds for credit card users

MSNJasmine Taylor

APR explained in 60 seconds for credit card users

In this quick Financial Literacy Month video, I break down exactly what APR means and how it affects the cost of using your credit cards. Using a simple example of a 17 percent APR on a 1,000 dollar balance, I show how much interest you really pay and why carrying a balance is so expensive. I also share why 0 percent APR intro offers can be ...

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