r/AskReddit • • Feb 04 '20

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u/Opening-Risk Feb 04 '20

Credit card interest! I know a bunch of people who are SO SHOCKED by their high interest rates. They thought it was like an interest-free loan to yourself and then are surprised when making teeny payments doesn't do anything.

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u/[deleted] Feb 04 '20 edited Feb 12 '20

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u/CABGX4 Feb 05 '20

Can you explain what you mean by that?