stupid q but...

Discussion in 'Credit Talk' started by sebz, Aug 3, 2000.

  1. sebz

    sebz Guest

    im kinda new to all this credit card business...and i was wondering what apr stands for...and what it is....
  2. Alex - Cre

    Alex - Cre Guest


    You learn things by asking, no stupid questions here :)

    APR= Annual Percentage Rate.
    It's the yearly percent amount that credit card companies or other lenders charge for credit lines, loans etc.

  3. mick

    mick Guest

    Alex is right. APR stand for the Annual Percentage Rate. Common sense tells you the lower the percentage the better the offer.
    Since you are new make sure you read and check out all offers of credit carefully before you apply. Remember Never apply for a Offshore Credit Card because payment are easily lost since you have to use a coke bottle and a cork and toss it in to the ocean. the last part was a joke:)
    good luck
  4. creditwork

    creditwork Well-Known Member

    Alex is right. CreditWorks also uses APR to calculate our rate of payments. We have been paying 19.47% APR on all loans since May 1996. Use your credit smartly. Exercise it, to make it grow so you may deal from strength.

    Profit from the experience.

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