Your Card Charges 24% — That $1,000 Costs $1,268?! 😱 #shorts

A 24% example APR turns a carried $1,000 balance into about $1,268.24 after 12 months — about $268 in interest, with monthly compounding. Series 4, Episode 2: "The APR Trap". Follow for one money fact a day. Part 3 drops tomorrow. ⚠️ Educational example only. The rate is a hypothetical example, returns/charges are not guaranteed. This is not financial advice. #personalfinance #money #creditcard #banking #moneytips #shorts Also on Febspot: https://www.febspot.com/raga-sukmana2/ref/1243396/ - Creators, join Febspot and monetize your videos: https://www.febspot.com/ref/1243396/ #personalfinance #money #creditcard #banking #moneytips #shorts