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What does having a low apr mean?

Updated: 9/23/2023
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10y ago

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APR stands for Annual Percentage Rate. Having a low APR on a credit card means that when a person fails to pay off their full balance on a credit card the person will have a low rate of interest.

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Q: What does having a low apr mean?
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Related questions

Where is it possible to get credit cards with low APR?

There are several places where a person can get a credit card with a low APR. Websites such as Capitol One, American Express, Bank of America, and Discover all have credit cards with low APR.


Which companies offer low APR credit cards?

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.


Does the HSBC premier card offer a low APR?

HSBC premier card does offer a low APR. It is one of the many benefits offered to the individual. It also offers low interest rates.


Where can one find information on low APR balance transfers?

You can find information on low APR balance transfers at sites like Google Shopping, where it will give you a comprehensive breakdown of low APR balance transfers as well as interest rates. You can also visit price comparison websites.


What does apr mean in relation to gas mask?

APR is Air Purifying Respirator.


How APR impacts choice of loans?

APR affects the value of loan repayments because it's a percentage of the total loan repaid on an annual basis. A low APR makes repayments cheaper than a high APR.


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%.


How can one get a low APR loan?

Have good credit , over 740 preferably, have no maxed out accounts of any kind, no late payments and no recent credit card applications and even then its only when a credit card company is having these special promotions of 0% APR that you should take advantage of this.


What were APR in World War II?

Prime was 2% during WW2 more than likely credit card APR's were low single digits.


Is there anywhere that I can get a cash advance at a low rate, say under 50% APR?

Yes, you can get a cash advance at a low rate, say under 50% APR at www.DiscountAdvances.com. Another good site you can try out is www.PayDayMax.com


What do initials APR mean after a professional title?

APR can be Accredited in Public Relations, apparently a form accreditation.


Does having bad credit affect your APR for a new car or home?

Bad credit will affect your APR on any new loan. Most banks use a tiered credit system to determine APR.