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Why do credit card companies have an introductory APR?

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2005-04-22 02:35:50
2005-04-22 02:35:50

Annual Percentage Rate (APR) is the amount of interest that is charged yearly. Most major card issuer will offer an introductory (low or 0%) rate on a new account for a specified amount of time, it generally will have several stipulations to keeping the IR valid.

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Many credit card companies currently offer low APR to their cardholders. Both Capital One and Discover offer introductory rates of 0% APR with rates increases after certain time periods. After the introductory period has passed, rates average between 10% - 20% depending on credit history and company.


The introductory annual percentage rate (APR) on American Express credit cards vary by the card and the cardholder's credit. Rates can be as low as zero percent, but often range from 12.99 to 21.99 percent.



If you apply for a Sears credit card in the store you can probably receive a discount on your purchase that day, and receive a 0% introductory offer. This offer does depend on your credit check, and will vary depending on your score.


apex. prime rate + credit history


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.


The only place that routinely gives an APR of 0% as an introductory credit card is Capital One. You can also ask your current bank for a good deal if you have a good credit rating.


You can apply for a Tesco credit card at any Tesco Bank location or on their website. The have a introductory 0% APR and 0% balance transfers & purchases.


The APR may vary depending on the time that you wish to sign up for the Discovery Credit Card. Currently you will get an introductory rate of 0% APR for 14 months if you sign up today. After the 14th month you will get the standard 10.99%-22.99%.


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.


There are numerous Citi credit cards, with the APR ranging from 0% to over 15%. Many of the cards offer the 0% rate as an introductory rate, after which the APR jumps to a much higher level. One should be cautious with these types of plans.


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.


There are many credit cards that offer 0% APRs. You should be aware that these are introductory rates, or only apply to certain purchases, so you have to be careful.


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%


There's a few credit cards that offer zero percent APR introductory rates. Most of these only last for 6 months to 18 months, and the deals of each credit card company changes every month so a good place to keep yourself updated is on the site called getrichslowly.



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