2006-08-20 09:19:24 · 11 answers · asked by Angela D 1 in Business & Finance ➔ Credit
here's for more info on CC:
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com
2006-08-20 12:05:25 · answer #1 · answered by Anonymous · 1⤊ 0⤋
The percentage of the amount you owe, added to the total.
There is a lot of variety in APRs on cards. You can get anywhere from zero to 20%.
2006-08-20 09:26:18 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Annual Percentage Rate.
Example- 20%APR / 12 = monthly interest rate
2006-08-20 09:27:59 · answer #3 · answered by acarbone624@verizon.net 1 · 0⤊ 0⤋
It's the effective Annual Percentage Rate, or the amonut of interest the card company will charge you for borrowing the money (which is effectively what you are doing when you use a credit card.). You should avoid carrying a balance. Save up and pay cash for whatever it is you think you "need".
2006-08-20 09:26:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
APR = Annual Percentage Rate. Typical is 18%, or 1.5 % per month on unpaid balance. But they vary enormously, and if you're late with a payment, it could skyrocket. Read the fine print on your credit card contract, or check your statement.
2006-08-20 09:26:09 · answer #5 · answered by keepsondancing 5 · 1⤊ 0⤋
It's your Annual Percentage Rate. It means they charge you whatever the number percentage on your balance annually--one twelfth of the total percentage each month The moral of the story--pay off your credit balance every month. Otherwise, you're paying somebody else insane amounts of money just to spend your own money.
2006-08-20 09:41:29 · answer #6 · answered by Woz 4 · 0⤊ 0⤋
Annual Percentage Rate usually 17.9% or 27.9% for cash advances. But what does 27.9% mean? This means for every £1,000 you borrow you have to pay back £1,279 to the bank. That's if you pay it off in one year. If you only pay off the minimum you have to then it can take 3 or 4 years to pay off then for every £1,000 you borrow you would pay back 3 x £279 or £837. You would be paying off some of the £1,000 debt. so you may not have to pay this much. However most people continue to use the card and they will end up having to pay back £1,837 for every £1,000 spent.
2006-08-20 21:04:59 · answer #7 · answered by J R yorkshire 2 · 1⤊ 0⤋
depending on the card and your credit history, it can be 0% and up. i have seen it up to 24%, if you don't pay your credit car on time, they will raise the APR and you can also negotiate to make it lower if you are a godo customer
2006-08-20 09:27:10 · answer #8 · answered by lulucakes32 5 · 0⤊ 0⤋
its the annual percentage interest you pay, example 29% is added on your statement each time you dont clear the outstanding balance!
2006-08-20 10:09:36 · answer #9 · answered by the joiner 1 · 0⤊ 0⤋
anywhere from 16-30%
2006-08-20 09:23:14 · answer #10 · answered by Anonymous · 0⤊ 0⤋