APR is short for “annual percentage rate”, which determines the interest you pay yearly on a borrowed amount. But what does that mean in dollars and cents, and how does it impact your credit card spending? A purchase APR is simply the interest rate applied to purchases you make with ...
Your purchase annual percentage rate (APR) could affect your credit card balance. But what is purchase APR, when does it apply and how can you try to avoid it?
The abbreviation APR stands for "annual percentage rate." If your credit card has a purchase APR of 15 percent, for example, then you will be charged interest on purchases at a rate of 15 percent a year. Credit cards commonly apply different rates to different portions of your balance, dep...
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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 borrowing money from the card issuer. ...
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(a)此项贷款的年利率(APR: Annual Percentage of Rate)为多少? (b)此项贷款的实际年利率(EAR: Effective APR)为多少? 备注: The nominal APR is the simple-interest rate (for a year). The effective APR is the fee+compound interest rate (calculated across a year). 分析总结。 贷款额为327万美元...
In the case of credit cards, interest rates must be stated as an annual percentage rate or APR, so they are basically the same thing. With other types of loans (such as mortgages or car loans), the interest rate and APR can be different because the APR will include both the basic inte...
of Rate）为多少？（b）此项贷款的实际年利率（EAR: Effective APR）为多少？备注：The nominal APR is the simple-interest rate (for a year).The effective APR is the fee+compound interest rate (calculated across a year).参考资料：参见Wikipedia关于Annual Percentage Rate的解释。
Annual percentage rate (APR) is the interest charged for borrowing that represents the actual yearly cost of the loan, including fees, expressed as a percentage. The purchase rate is the interest rate applied to credit card purchases and only applies to unpaid balances at the end of the billin...