What cardholders may not realize is that most credit card issuers include a penalty annual percentage rate (APR) in their ...

If a penalty APR kicks in on your credit card, it won't go away quickly, so it's important to avoid these triggers.

However, our opinions are our own. See how we rate credit cards to write unbiased product reviews. Definition of APR The term APR stands for "Annual Percentage Rate" and represents the yearly cost ...

Depending on your credit scores, the interest rate (aka APR) on your credit card may be higher or lower. Good credit — a FICO credit score of 690 or higher — is key to securing a lower ...

Credit cards have multiple APRs for different kinds of borrowing. Most common is the purchase APR, which is the interest you are charged for balances you incur from everyday spending.

But the bad news is that credit cards use compound interest on balances, which means your balance can increase rapidly if you continue to revolve it. Let's say you have a 21% APR on a $1,000 balance.

A low-interest credit card can be a valuable tool to help you save money if you sometimes carry a balance. Many cards come with introductory interest-free periods of at least a year, which could ...

income and other personal and financial information can impact the APR a credit card issuer offers you in a cardholder agreement. Average credit card interest rates are calculated from a dataset ...

Some business credit cards offer introductory 0%-APR periods for purchases and/or balance transfers. These deals can be a great way to finance business expansions or reduce the interest you're ...