When you borrow money — whether you’re making a purchase on a credit card, applying for a car loan or taking out a mortgage — ...
However, for credit cards, the APR solely refers to the interest rate and does not include any annual fees that may be applicable. Keep reading to learn more about purchase APR and what it means for ...
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First, let's explore the different types of annual percentage rates for credit cards. Purchase APR: A purchase APR -- the standard APR you'll most often hear about without the word "purchase" in ...
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Once you are approved for the card, the issuer will let you know what your ongoing purchase APR will be. Certain other APRs associated with the card, like the penalty APR or cash advance APR ...
If the card is used to make a large one-time purchase, pay off the entire balance before the variable APR is applied. Otherwise, unwanted interest charges will make initial purchases much more ...
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