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
Fiona Logo
Copyright © 2024 ML Enterprise Inc
ML Enterprise Inc. (formerly Even Financial Inc.) NMLS# 1475872 /
This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.