The terms “purchase APR” and “interest rate” mean the same thing when it comes to credit cards. Purchase APR refers to the percentage of the loan amount you’ll owe on an annual basis in exchange for ...

If you have a credit card with a 0% APR, you can spend money without facing any interest charges, right? Not necessarily. A single credit card can have multiple APRs, one of which is the account’s ...

A purchase APR determines how much interest you'll pay on purchases you make with your credit card if you carry a balance. Credit card companies determine many APRs based on the prime rate – plus a ...

When you swipe your credit card, you incur a charge that could eventually cost you in interest if you don’t repay on time. The amount you pay in interest is based on your purchase APR, or annual ...