Understanding credit card APR

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Understanding credit card APR

Postby ccco on July 24th, 2010, 3:28 pm

A credit card APR is the annual percentage rate that you are expected to pay on all your purchases. In simple layman terminology, APR is the interest rate that you have to pay on top of the capital that you have borrowed in terms of credit. It is important that you read the fine print agreement.

For more information read: What is a Credit Card APR?
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