Cash advance APRis the rate for using a card to withdraw cash from a bank or ATM. It’s typically higher than other APR types and doesn’t come with a payment grace period, so I don’t recommend using your credit card for cash advances. Balance transfer APRis the rate applied when yo...
Cash advance APR The rate for borrowing cash from a credit card, which is generally a higher rate than the rate for purchases. Introductory or Promotional APR Typically, a lower APR than the standard APR on an account, which is offered for a limited time (for example, six months or a ye...
A flat rate cash back credit card is a card that offers a fixed percentage on all your eligible purchases. Explore the basics here.
When the prime rate increases, credit card rates usually do, too. Some credit cards have different interest rates that fall within a range, like a purchase APR, balance transfer APR, penalty APR or cash advance APR. The specific rate you get is also based on your creditworthiness — your ...
A credit card’s interest rate is called its APR — or annual percentage rate — with different rates applied to transaction types that include purchases, balance transfers and cash advances. If you don’t pay off your statement in full each month, the amount you carry is compounded daily, ...
A credit card interest rate — also called an annual percentage rate or APR— refers to the extra amount you'll owe each month if you don't pay your credit card bill in full. Here are some answers to basic questions about your APR. What is a credit card APR? A credit card APR repr...
Learn more about how annual percentage rate, or APR, works, how it's calculated, when it's applied and the different types.
An introductory APR is the rate put into place when you’re first offered a credit card. It’s often incredibly low—sometimes 0%. An intro APR expires after a short amount of time, usually between the first six and 24 months you have the card. It often applies only to balance ...
The cash advance APR is the cost of borrowing cash from a credit card. This rate tends to be higher than the purchase APR. And keep in mind that there are other transactions that might be consideredcash advances, even if cash never touches your hands. These include buying casino chips, pu...
If you have good credit, a good APR is easy to come by — but what qualifies as a "good" annual percentage rate also varies by type of card.