Polar's point is afterpay debt can't snowball in contrast to card so it's meaningless to annualise it for comparison sake. Using your example, 289% APR sounds like late fee will balloon to $289 if not pay on time for one year.
It's like saying Usain Bolt can finish 100m in 10s easily so at the same rate if he run a 42km marathon he will finish in a bit over an hour.
Polar's point is afterpay debt can't snowball in contrast to...
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Last
$115.77 |
Change
9.750(9.20%) |
Mkt cap ! $4.030B | |||
| Open | High | Low | Value | Volume |
| $116.00 | $116.39 | $115.11 | $23.59M | 216.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13 | $115.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.84 | 175 | 10 |
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| Last trade - 10.42am 03/05/2024 (20 minute delay) ? |
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Last
$115.93 |
Change
9.750 ( 9.20 %) |
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| Open | High | Low | Volume | ||
| $115.39 | $116.35 | $115.23 | 2900 | ||
| Last updated 11.01am 03/05/2024 ? | |||||
| SQ2 (ASX) Chart |