Certainly, if a credit card is used appropriately, it can be the most effective financial tool. However not everybody can afford all the pricey rates of many charge card companies offer. This is where the low APR charge card ushers in — to help individuals who prepare to maintain a balance on their account and not to pay the total monthly. However, what does APR means in a low APR charge card? Essentially, APR is the expense of credit as an annual interest rate. APR means “Yearly Portion Rate ” of charge can be utilized to compare different credit and loan deals. The APR on credit cards is typically computed monthly based on the current amount in the card. The month-to-month interest is computed as if the existing card balance would remain the same over a year; the interest on the quantity over a year (APR) is worked out and […]