<prompt> Human: Guys i am quite confused about payday and credit cards,, What do you think payday loans are better substitute than credit cards??Assistant: 100 credit cards are way less expensive, payday loans cost anywhere from 500 - 800 interest yearly. They also require a payment every two weeks for the most part. A credit card is going to be 25 interest annually if you have the worst credit ever and have no idea how to shop for a rate. If you are going to borrow money to pay for stuff in advance before you get paid a credit card is the better option. Human: But i was told payday loans only charge 25 interest rate monthly, once you borrowed the amount then you are required to repay after a month whenever you will next get paid, and in this way you can tackle the needs by only paying 25 extra  <response>: Yes 25 every 30 days which equals 304.17 annually. 