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31 May, 20:08

What is an annual percentage rate?

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  1. 31 May, 20:10
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    A credit card's interest rate is the price you pay for borrowing money. For credit cards, the interest ratesare typically stated as a yearly rate. This is called the annual percentage rate (APR). On most cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.
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