What is a fixed APR credit card?
Fixed APR credit cards carry a fixed (stable) interest rate that typically lasts for as long as you use the card. For example, if you transfer a balance to a credit card with a fixed APR on balance transfers of 10%, the APR for this balance will typically stay at this 10% level until the balance is paid in full. In summary, a fixed APR on a particular balance lasts for the life of that balance. This differs from an variable APR, which can change over time. Some credit cards offer a fixed APR on only purchases, some offer a fixed APR on only balance transfers and some offer a fixed APR on both purchases and balance transfers. So it is possible to have, for example, a credit card with a fixed APR on balance transfers but a variable APR on purchases. Some people choose a fixed APR credit card to ease the burden of constantly switching balances from one card to another once low introductory APRs disappear and higher APRs take over. Every credit card is a bit different and promotional offer
