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Credit Card Interest Rates

Post date: August 08, 2008

APR, or an annual percentage rate, often matters the most when you decide what credit card to apply for. It is the strongest indicator of your financial charge. Nobody wants to pay a high APR. However, there are more types of interest rates than just "low" and "high". You can often find a credit card that comes with several different APRs: an introductory interest rate on balance transfers, a variable APR on purchases and a high default interest rate. If you want to apply for the most beneficial offer, it makes sense to find out what these interest rate types mean.

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