What is an APR?
You may have seen the term APR, or annual percentage rate, used in reference to everything from mortgages and auto loans to credit cards. In this piece, we look at credit card APRs—which you’ve probably seen listed on your monthly statements. Knowing what an APR is, how it’s calculated and how it’s applied can help you make more informed credit card decisions.
Remember, while APR is important, it’s just one of the factors to take into account when choosing a credit card. For more on how to go about comparing different card options, check out our overview on finding the right credit card for you.