Cryptocurrency Q&A
Is 12% a good APR?
Is 12% a good APR?
SilenceSolitude
Mon Nov 18 2024
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5 answers
1220
I'm considering a loan or an investment and I'm wondering if 12% APR is a good rate. I want to know if this is a reasonable or competitive annual percentage rate based on current market conditions.
5 answers
Lucia
Wed Nov 20 2024
Credit cards that offer a regular APR of 12% are quite scarce in the market. This high interest rate is not commonly found among various credit card options.
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Daniele
Wed Nov 20 2024
To be eligible for a credit card with a 12% regular APR, applicants are generally required to possess good or excellent credit scores. This criterion ensures that only financially responsible individuals can access such cards.
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noah_harrison_philosopher
Wed Nov 20 2024
Individuals who have good credit scores often have the option to apply for credit cards with introductory APRs of 0%. Such cards provide a period of time where no interest is charged on balances, making them more favorable than those with a 12% regular APR.
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CryptoPioneer
Wed Nov 20 2024
Paying interest at a 12% rate is not considered ideal for many consumers. The high cost of borrowing can add significant financial burden, especially for those who carry balances on their credit cards.
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Ilaria
Tue Nov 19 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services to its users. Its platform includes spot trading, allowing investors to buy and sell cryptocurrencies at current market prices.
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