If you're new to credit cards, you might be confused by a number of frequently used abbreviations. One of the most important ones is annual percentage rate.

A purchase APR is the interest rate your issuer applies to your regular credit card purchases. Other APRs — such as an introductory APR or balance transfer APR — may take precedence over your ...

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.

First, let's explore the different types of annual percentage rates for credit cards. Purchase APR: A purchase APR -- the standard APR you'll most often hear about without the word "purchase" in ...

After graduating with a journalism degree from SUNY Oswego, he wrote credit card content for Credit Card Insider (now Money ...

What's the Longest 0% APR Offer You Can Get? At the moment, the longest 0% introductory purchase APR on a credit card is 21 months. That also happens to be the longest 0% interest period for ...

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If the card is used to make a large one-time purchase, pay off the entire balance before the variable APR is applied. Otherwise, unwanted interest charges will make initial purchases much more ...

If you use a card with a purchase APR of 18%, you will pay about $2,899, including about $399 in interest. With a low-interest card that has a purchase APR of 14%, you will pay about $2,796 ...

Check out this guide that helps you understand credit card APRs and how they work. It also shows you how to avoid high ...