Waine
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here's for more info on CC:
http://credit-cards.ebookorama.com
http://finance.ebookorama.com
http://credit.ebookorama.com
http://credit-repair.ebookorama.com |
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keepsondancing
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APR = Annual Percentage Rate. Typical is 18%, or 1.5 % per month on unpaid balance. But they vary enormously, and if you're late with a payment, it could skyrocket. Read the fine print on your credit card contract, or check your statement. |
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J R yorkshire
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Annual Percentage Rate usually 17.9% or 27.9% for cash advances. But what does 27.9% mean? This means for every £1,000 you borrow you have to pay back £1,279 to the bank. That's if you pay it off in one year. If you only pay off the minimum you have to then it can take 3 or 4 years to pay off then for every £1,000 you borrow you would pay back 3 x £279 or £837. You would be paying off some of the £1,000 debt. so you may not have to pay this much. However most people continue to use the card and they will end up having to pay back £1,837 for every £1,000 spent. |
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lulucakes32
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depending on the card and your credit history, it can be 0% and up. i have seen it up to 24%, if you don't pay your credit car on time, they will raise the APR and you can also negotiate to make it lower if you are a godo customer |
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martini
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it varies a lot but can be around 26% on average , which is outrageous... do NOT borrow ! |
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Woz
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It's your Annual Percentage Rate. It means they charge you whatever the number percentage on your balance annually--one twelfth of the total percentage each month The moral of the story--pay off your credit balance every month. Otherwise, you're paying somebody else insane amounts of money just to spend your own money. |
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acarbone624@verizon.net
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Annual Percentage Rate.
Example- 20%APR / 12 = monthly interest rate |
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Thin Kaboudit
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It's the effective Annual Percentage Rate, or the amonut of interest the card company will charge you for borrowing the money (which is effectively what you are doing when you use a credit card.). You should avoid carrying a balance. Save up and pay cash for whatever it is you think you "need". |
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tonalc1
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The percentage of the amount you owe, added to the total.
There is a lot of variety in APRs on cards. You can get anywhere from zero to 20%. |
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bob
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anywhere from 16-30% |
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the joiner
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its the annual percentage interest you pay, example 29% is added on your statement each time you dont clear the outstanding balance! |
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