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credit cards faq/glossary
The most common questions asked about Credits Cards.
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Credit Card Glossary
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Annual percentage rate (APR)
definition
What does Annual percentage rate (APR) mean?

In the world of banking there are several fees and payments a customer has to pay in the course of a year. One of these is the annual percentage rate or APR for short, which is an interest rate charged by a credit card issuer on credit card balances and is expressed in an annualized and standardized manner. Each month this rate is applied so that the overall balance is constant and present.
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