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What is APR “Annual Percentage Rate” interest?

April 26, 2017Apr Capital One credit card offers credit cards credit check PERCENTAGE

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What is APR “Annual Percentage Rate” interest?

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Interest is the agreed annual percentage fee rate the credit card issuers charge the card holder on the amount of credit borrowed, this interest amount is added every month to your balance. The interest rate is set based on the cardholder’s credit risk so credit card issuers check national credit card bureau reports that identify the credit history before issuing a credit card.