Card Apr - Credit

: The standard rate applied to new items you buy.

: Lenders use your credit score and history to set your rate; higher scores typically qualify for lower APRs. credit card apr

: Interest often compounds daily, meaning you pay interest on both your original balance and the interest that has already accumulated. : The standard rate applied to new items you buy

The is the standard way to express the total yearly cost of borrowing money on a credit card. While expressed as a yearly figure, interest is typically calculated daily based on your average balance. How APR Works in Practice credit card apr