Check out these credit card interest rate images:
Credit Card Debt Examples
Image by Philip Taylor PT
If you’re in credit card debt, this chart will help you decide whether to pay off your debt in full or just make the minimum payment. Factors involved are the interest on the credit card debt, the amount of savings you have built up in an emergency fund, and your overall risk tolerance. Bottom line: get rid of your credit card debt.
Thank you for respecting Creative Commons license.
P.S. Need more photos like this? Check out my flickr profile page.
A high interest rate is a rate that is considered above the normal interest rate. A high interest rate means you have to pay back more or get more money. Credit cards for example, usually have a high interest rate. If the bank is offering a high interest rate, you get more on your deposits.