This Is Why Credit Card Interest Rates Are So High

Often I find people are surprised to hear this, but uh about 60% of the credit card users actually revolve. So meaning that they don't pay in the grace period at the end of the month and so they're hit with these uh very high usually interest charges. And then the other part are you know what people call transactors.So they're the kind that do pay during the grace period. So they're not uh paying interest. Okay.So for the revolvers um you there's again multiple parts. So you pay interest on the balance that ...