How Does Credit Card APR Work? Video

Welcome to my MissBeHelpful channel!

Lots of you have been asking me to talk more about APR, or annual percentage rate. This is a term used in reference to everything from mortgages and car loans to credit cards, so it's really important that you take a few minutes to understand how it works!

In this video, I look at credit card APR - which we all have listed on our monthly statement. Here I jump into what APR is, how it’s calculated and how to think about APR when applying for new cards.

To get more awesome resources about APR, check out the "Better Money Habits" partnership between Bank of America and Khan Academy: https://bettermoneyhabits.bankofamerica.com/en/credit/what-is-apr


More from MissBeHelpful:
My VERY FIRST video (AWWW): https://www.youtube.com/watch?v=SO-xx4acDEM&t=206s
How to Improve Your Credit Score FAST: https://www.youtube.com/watch?v=QX3JZeEVgBM
Common Credit Card Myths: https://www.youtube.com/watch?v=RFPeyxmMbo4&t=4s
5 Things to Consider When Applying for New Credit Cards: https://www.youtube.com/watch?v=iXowOnl0Wrc&t=86s
How To Earn Rewards Without Hurting Your Credit Score:
https://www.youtube.com/watch?v=_djpGzJ3uks&t=2s
Why I Don't Care About A Perfect Credit Score & You Shouldn't Either: https://www.youtube.com/watch?v=gwj2ywlmf0Q
When Should You Get Your First Credit Card?: https://www.youtube.com/watch?v=wQxjJTYqKvI&t=2s
Can I Keep My Oldest Card Without the Annual Fee?: https://www.youtube.com/watch?v=jRL38UJWl-Y&t=2s
Is 0% Utilization Bad for Your Credit Score?: https://www.youtube.com/watch?v=zGhzG6FvWBw&t=2s
How Many Credit Cards Should You Have?: https://www.youtube.com/watch?v=tabVCCRFDN0&t=9s
How Authorized User Status Might Increase Your Credit Score: https://www.youtube.com/watch?v=9LgPACQq0Qo&t=2s
7 Reasons Your Credit Score Might Drop: https://www.youtube.com/watch?v=SSC5HtzVWh0&t=45s
How to Manage Many Different Credit Cards: https://www.youtube.com/watch?v=gqDw-92yQq0&t=4s
How to Upgrade Your Credit Card With a Product Change: https://www.youtube.com/watch?v=XUtzuKnOnqY&t=219s
Why Does It Take So Long to Fix Your Credit??: https://www.youtube.com/watch?v=ODvfz7r07xI&t=194s
3 Ways to Protect Your Credit Report & Financial Information: https://www.youtube.com/watch?v=2k-wEGcWjeo&t=8s
When to Pay Your Credit Bill and Increase Your Credit Score: https://www.youtube.com/watch?v=Ks6MjdlxTKQ&t=238s
Freeze Your Credit for FREE!: https://www.youtube.com/watch?v=U_dIKci6Ydg&t=17s

Let’s connect:
FACEBOOK: https://www.facebook.com/missbehelpful/
INSTAGRAM: https://www.instagram.com/missbehelpful/?hl=en
BUSINESS INQUIRIES: [email protected]

’Til next time… PEACE!

About the Site 🌐

This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥

Origins of the Idea 🌱

The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠

Challenges Faced 🤔

Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.

Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍

Creating Truly Random Links 🛠️

The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.

About YouTube 📺

YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟

Content and Users 🎵

Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.

While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.

Monetization and Impact 🤑

YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.

As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈

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