APR

Annual Percentage Rate | 0% APR

December 16th, 2008 at 05:29am Under APR+ mortgage rates

APR, Annual Percentage Rate, is the rate of interest, credit card issuers charge card holders. This is very high, as this is considered an unsecured loan by the issuers. Although, variations exist, among different issuers charging different rates, based on credit history, it ranges around 30% per annum. 0% APR, is a rate offered by many card issuers to card holders, when they transfer the balance from other cards. In this offer, issuers do not charge on the transferred amount for a fixed period of time, say about 6 months.

Tags: 0% APR, Annual Percentage Rate, credit card, debt consolidation, mortgage

By admin 1 comment