Whats APR on a credit card?

I don't really understand it. does it only apply when youre not paying your bill on time? Can someone give me and example of APR with a $500 amount 

3 Answers

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  • Anonymous
    3 weeks ago

    Just dont carry a balance and it never matters. Pay the entire balance on or before the due date every month.

  • 3 weeks ago

    A credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest rates are typically stated as a yearly rate. This is called the annual percentage rate (APR). On most cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

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