Loans
Personal Loans Student Loan Refinance Auto Refinance Mortgages Mortgage Refinance
Credit CardsSavingsCredit Score
Learn
Learn

>

Glossary

>

A

>

Annual Percentage Rate (APR)

Annual Percentage Rate (APR)

The yearly interest rate charge applied to a loan, whether it is a personal loan, student loan, mortgage, or auto loan. While loan APRs include other costs and fees baked into the percentage, the APR of a credit card is identical to the interest rate charged to the principal amount, with zero additional costs or fees (which for credit cards, typically is charged as compounding interest).

Related Products

Credit Cards Graphic
Credit Cards