The interest rates on credit cards are lower than any other form of credit.

Name: The interest rates on credit cards are lower than any other form of credit.
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The interest rates on credit cards are actually higher than other forms of credit like personal loans or secured loans because credit cards are unsecured debt, meaning there is no collateral to back up the loan. This higher interest rate is due to the increased risk for the lender.

The Interest Rates on Credit Cards Are Lower Than Any