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APR stands for Annual Percentage Rate, which is the interest rate charged on outstanding credit card balances over a year. It represents the cost of borrowing money on the card.

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4mo ago

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What does the term "APR" mean when it comes to credit cards?

APR stands for Annual Percentage Rate, which is the interest rate charged on credit card balances over a year. It represents the cost of borrowing money on a credit card.


What does the term "credit card APR" mean?

The term "credit card APR" stands for Annual Percentage Rate, which is the interest rate charged on any outstanding balance on a credit card over the course of a year.


Reginald's credit card statement states that his balance is 550 What does the term balance mean?

The 'balance' of his statement is the monetary value of his account with the credit card company. In this case it is the amount he owes the company.


Is credit card company a common noun or proper noun?

The term 'credit card company' is a commonnoun, a general term for any credit card company.A proper noun is the name of a specific credit card company, such as American Express, Capital One, Citibank, etc.


Can you explain what the term "credit card APR" means?

The term "credit card APR" stands for Annual Percentage Rate, which is the interest rate charged on any outstanding balance on a credit card. It represents the cost of borrowing money through the credit card and is expressed as a yearly percentage.


What does the term "APR" mean in relation to credit cards?

APR stands for Annual Percentage Rate, which is the interest rate charged on credit card balances over a year. It represents the cost of borrowing money on the card.


What is green card is mean?

A "Green Card" is the old term of a US Permanent Resident Visa. However, the Permanent Resident Visa is now no longer printed on green paper, nor is it credit-card sized. It's a historical term for the visa.


What is the term for the security feature on the back of a credit card that is used to verify online transactions?

The term for the security feature on the back of a credit card used to verify online transactions is called the CVV (Card Verification Value) or CVC (Card Verification Code).


With the new credit card laws going into effect, are retail credit card processing centers adjusting well?

With the new credit card rules only recently having gone into effect, it is difficult to determine the long-term implications for retail credit card processing centers. However, in the short-term, these processing centers have had to make the same adjustments that bank credit card companies have had to do and they've had several months to make the adjustment as afforded by the law.


What is the meaning of the term "card alias"?

A card alias refers to an alternative name or nickname used to identify a credit or debit card.


What is the term used for when you buy things using a credit card?

Charge, charging


What does the term my credit card mean?

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