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What is a credit card introductory APR rate?

April 26, 2017Apr credit card rate

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What is a credit card introductory APR rate?

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The credit card introductory APR rate is a very effective tool to lure credit card users to open new accounts and then transfer existing balances to that new low interest balance transfer credit card. APR stands for Annual Percentage Rate and is the actual percent you will pay in interest on the outstanding balance of your credit card each month. Credit card interest is not simple APR. As each month passes the interest is added to the principal and new interest charges applied, so the percent of interest you pay is actually compounded. .smallCCOffer { background: url(/img/smallCardOffer.jpg) center; width: 183px; height: 217px; float: left; text-align: center; position: relative;} .smallCCOffer.topChoice { background: url(/img/smallTopChoice.jpg) center; width: 183px; height: 217px; float: left; text-align: center;} .smallTitle { color: white; font-weight: bold; position: absolute; top: 35px; width: 170px; left: 5px; } .smallTitle a { color: white !important;} .smallCCOffer img { borde