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Of course it isn't used that way for credit card purchases. The credit card company divides the APR by 365 to create a daily interest rate. Then they multiply this daily rate times the number of days in the billing period and then by the amount you owe at the end of the period before interest is added and add this to the amount you owe.
If you mean what is the APR on your credit card, this varies by the card you hold and is often used to decide which card to get, because the lower the APR the less interest you will have to pay.
Wiki User
∙ 9y ago
Wiki User
∙ 15y agoThe amount of interest charged on unpaid balances
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What credit card has the highest annual percentage rate?
visa
What is the annual percentage rate for a Discover credit card?
3.92%
What is the interest rate for Lowes credit card?
The annual percentage rate for a Lowes credit card is 21.99 percent. The APR for a Lowes Project card is 7.99-17.99 percent. The percentage variable is based off credit qualifications.
How can I change my Annual Percentage Rate?
The only way that one can change an annual percentage rate on a loan or credit card is to renegotiate the terms of the loan or credit balance with the lender. Another way would be to simply refinance the balance.
What is the current interest rate of Tesco Credit Cards?
The Tesco clubcard credit card has a 16.9% annual percentage rate. There is also an introductory 0% interest rate for 15 months upon signing up for the card. The actual rate you get can be dependent on your credit rating.
What is the effective annual rate for a credit card with a 9.9 percent annual percentage rate that is compounded daily?
The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.
What does APR stand for in reference to a credit card?
APR stands for annual percentage rate in reference to a credit card. An annual percentage rate is the rate companies or banks charge when one uses a credit card.
What credit card has the highest annual percentage rate?
visa
What is the annual percentage rate for a Discover credit card?
3.92%
Which credit card company offers the lowest apr?
The annual percentage rate on credit cards can be researched online. Many credit card companies offer a zero annual percentage rate on balance transfers.
What is the interest rate for Lowes credit card?
The annual percentage rate for a Lowes credit card is 21.99 percent. The APR for a Lowes Project card is 7.99-17.99 percent. The percentage variable is based off credit qualifications.
What is charge on credit card per day?
1/365 of the Annual Percentage Rate
What is the APR on a goldfish credit card?
The annual percentage rate or APR on a goldfish credit card can be as low as 16.9% if you apply for the platinum membership. The APR on a standard credit card is 19.9%.
How can I change my Annual Percentage Rate?
The only way that one can change an annual percentage rate on a loan or credit card is to renegotiate the terms of the loan or credit balance with the lender. Another way would be to simply refinance the balance.
What is the best rate for a credit card in Europe?
There is a large variety of credit card rates in Europe. The best rate is 0% APR (annual percentage rate) but that is mostly a promotional rate. The best rates is around 2-3%.
What is the current interest rate of Tesco Credit Cards?
The Tesco clubcard credit card has a 16.9% annual percentage rate. There is also an introductory 0% interest rate for 15 months upon signing up for the card. The actual rate you get can be dependent on your credit rating.
What describes a annual percentage rate?
A measure of the cost of credit expressed as a yearly interest rate.
