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Q: The annual percentage rate on a credit card determines what?
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What does APR stand for in reference to a credit card?

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.


What is the effective annual rate for a credit card with a 9.9 percent annual percentage rate that is compounded daily?

The effective annual rate for a credit card that carries a 9.9% annual percentage rate (compounded daily) is 10.4%.


What credit card has the highest annual percentage rate?

visa


What is the annual percentage rate for a Discover credit card?

3.92%


Which credit card company offers the lowest 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.


What is the interest rate for Lowes credit card?

The annual percentage rate for a Lowes credit card is 21.99 percent. The APR for a Lowes Project card is 7.99-17.99 percent. The percentage variable is based off credit qualifications.


What is charge on credit card per day?

1/365 of the Annual Percentage Rate


What is the APR on a goldfish credit card?

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%.


What is annual interest?

Annual interest is interest that accumulates every year. This is a predetermined percentage that is added to a loan or credit card payment.


How can I change my Annual Percentage Rate?

The only way that one can change an annual percentage rate on a loan or credit card is to renegotiate the terms of the loan or credit balance with the lender. Another way would be to simply refinance the balance.


With good credit where can one find a free credit card with no annual fees?

With good credit, almost all credit card carriers offer free credit cards with no annual fees. You should contact your provider and seek information about a credit card with no annual fees.


What is the definition of a partnership card?

"The John Lewis Partnership created a credit card in March, 2004. The Partnership card is a cashback credit card, with six months interest free credit and a 16.9% Annual Percentage Rate. A 1% rebate for purchases in stores is available for card holders."