Personal Finance and Investing

Equals high risk of loss - and therefore high interest rate to account for the likelihood that many of their customers won’t pay them back.

If your credit is bad enough that this is all that you can get, then my advice would be to not use credit cards… but sometimes you have to (car repairs, etc.)

If your credit is good, then there are much better cards with no interest for a year or more and rates as low as about 12%

Of course, if you use credit cards for convenience and not borrowing, you don’t care what the rate is because you never pay any interest,