Why are Credit Card Interest Rates so High?
Credit card interest rates are generally higher than other forms of credit due to the increased risk and convenience they offer to consumers. Credit card companies must bear the risk of lending money to individuals with little or no credit history, and the convenience of using credit cards means that consumers may be more likely to overspend and fail to pay their bills on time. Read More: https://cardinsider.com/blog/why-are-credit-card-interest-rates-so-high/