Learn what a purchase APR is, how its rates affect you, and strategies to avoid extra costs on credit cards by paying balances in full before due dates.

You’ve likely seen the term APR when shopping for a car loan or credit card. Short for annual percentage rate, APR gives you an idea of how much it’s going to cost you to borrow money. Knowing how to ...

The APR, or Annual Percentage Rate, of a loan is the amount of interest you’ll be charged in one year for that loan. The APR is determined by the interest rate for your car loan. It also includes fees ...

Annual Percentage Rate (APR) and Annual Percentage Yield (APY) are commonly used terms in the world of personal finance. Both are expressed as annual rates, with APR typically measuring the costs of ...

An annual percentage rate (APR) is the interest rate charged on loans. An annual percentage yield (APY) is the rate of interest earned on investments. Many or all of the products on this page are from ...

Kelly-Ann Franklin has spent more than two decades in journalism which has helped her build a wide knowledge base of business and personal finance topics. Her goal with editing is to ensure tough ...

Calculating the interest rate on a personal loan can be difficult. Most lenders use simple interest rather than compound interest, though, which makes the job a little easier. To calculate how much ...