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How do Credit card Companies determine their APR?

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2013-02-14 17:40:01
2013-02-14 17:40:01

apex. prime rate + credit history

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There are a number of different credit card companies that offer 0 percent APR credit cards. Some of the companies that offer 0 percent APR are Capital One and Discover.


APR stands for annual percentage rate in reference to a credit card. An annual percentage rate is the rate companies or banks charge when one uses a credit card.


Almost all major credit card companies offer 0 APR credit cards for a few months to a year for opening an initial account. These companies include Capital One and Citi.


The annual percentage rate or APR on a goldfish credit card can be as low as 16.9% if you apply for the platinum membership. The APR on a standard credit card is 19.9%.


Low APR credit cards can be obtained from most local banks as well as a few online or independent companies, but most people just negotiate this with their own credit card carrier.


It varies - according to the issuer. A typical APR is around 19.8% for a credit card, or 37.5% for a store card.


First of all, APR is annual percentage rate, or how much of a percentage companies charge you for using a credit card or asking for a loan. One company that has low APR rates is "Citi." Although looking for companies with low APR rates is a good idea, a person can further lower their APR rate with negotiation.


with an apr credit card the savings are o% interest from my research but also i have found that the apr changes. it changes from card to card like all things.


Qualifying for a credit card with a low APR requires very good credit and sufficient income. In the United Kingdom, the credit card that meets that standard is currently the Sainsbury Cashback credit card, with a 7.8 percent APR.


There are several different credit card companies that offer 0% APR on sign in for several months. Citi credit card offers 0% APR for 18 months, Capital One offers 0% APR until August of 2013, Discover offers 0% APR for 15 months and Chase offers 0% APR for 15 months as well. To narrow these down you will want to review interest rates after the initial 0% rate and choose the credit card that will best suit your needs.


It really depends on the situation. Some credit card companies will offer you different rates based on your previous credit history or history with them.


The APR on a basic Chase card is around 10%.


A good credit card that offers 0 ARP is Discover card but in order to qualify for a 0 APR credit card you must have proof of income and a great credit standing.


Penalty APR is when your credit company considers you late. Most credit card companies place you on Penalty APR if you have been late 2 times in either 6 or 12 months depending on their terms and conditions. A credit card may have an interest rate of 9.99% but have a penalty rate of up to 29.99%


Discover Credit Card offers an intorductory purchase and transfer APR of 0%. After 15 months at 0% APR, the APR will change to a variable purchase APR. The APR will vary from 11.99% to 19.99%.


APR makes it easy for customers to compare different credit products before deciding what is best for you. The typical APR on a Bank of Scotland credit card is 17.9%


There are many companies that offer a 0% APR transfer balance. These include companies such as Barclaycard, Capital One, HSBC and Virgin Credit Cards.


One can get a zero percent apr credit card by going to the Credit Cards website. The website offers a number of credit cards deals including ones that have zero percent apr.


The annual percentage rate on credit cards can be researched online. Many credit card companies offer a zero annual percentage rate on balance transfers.


Most large corporation banks offer a 0% APR credit card. Also bank companies offer along with 0% APR many rewards and cash back bonuses plus no annual fees on your credit card.


A great place to start searching for a 0% APR credit card is Get Rich Slowly's article on the best 0% APR credit cards of 2013. They compare the various 0% APR credit cards to show the benefits or disadvantages of each.


There are many companies right now offering a 0% APR credit card right now. Some of these companies include Capitol One's VentureOne, Capitol One's CashOne, Chase Freedom's Visa, American Express Blue Cash Everyday, Citi's Simplicity Card and Disney rewards card. Some of these companies are offering this to qualified applicants for a limited time only.


There is a large competitive pool of credit card companies that offer 0% APR rates. Some of these companies are; Discover, Citicard, Bank of America and Nation Wide. One must be careful with 0% APR offers because some companies offer it for a limited time or have other fees that are higher than other companies.


You could find a 0 APR credit card offer by going to the online website Canadian Credit Card. They have several card options all with different specialized services.


It depends on what you are getting credit for. A home loan with an APR less than 5.5% is good. A credit card with an APR of 15% or less is good.



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