Low APR Credit Cards - What Does that Mean?
A “low apr” or “low APR” means that you are getting a good deal basically on the amount of revolving interest your chosen credit card charges you for the privelege of using them as a line of credit. APR actually stands for “Annual Percentage Rate” which is the annual percentage that the company is bound to charge you under the terms of the agreement on new purchases you make with their credit card.
We’ll talk more about this later, but I wanted to inform you what that actually stands for, and why it is so important when you’re shopping for a credit card - or a loan.
