4 ms·
Why does this matter? If it does, you're doing it incredibly wrong. The annual fee and pathetic rewards percentage are much more odious.
by chris_7 10y ago
Why does this matter? If it does, you're doing it incredibly wrong. The annual fee and pathetic rewards percentage are much more odious.
- franciscop 10y agoI am Spanish and I got lost in translation, from the rest of the comments and a quick search this is when borrowing money; I thought it was a different kind of fee (: Edit: I misunderstood it since "Annual Percentage Rate" seems like just a group of English words together when it actually has a special meaning in economy
- chris_7 10y agoIt's the interest rate you pay if you do not pay off your credit card in full every month, but you should always pay off your credit card in full every month, so it doesn't actually matter.
- bogomipz 10y agoIt matters b/c if some unseen event(they do happen) or emergecy happens and you can't make the payment, you are paying almost 20 cents on the dollar in interest. So yes if you use credit for convenience and pay your balance in full every month it doesn't matter much but like I mentioned if you have some serious event that happens which results in your not being able to pay, yo you would be better off with a card at 12% APR. "Doing it wrong" does't really account for unseen or unplanned events in ones life.