If you’ve been researching new credit cards or looking at refinancing your home loan, you’ve probably noticed the term APR popping up everywhere. APR stands for the annual percentage rate and, in ...

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 ...

When comparing credit cards, one of the key factors to consider is the annual percentage rate, or APR. Unlike with other types of loans, credit card APR is a bit tricky to understand since it’s ...

Aaron Broverman is the Managing Editor of Forbes Advisor Canada. He has almost 20 years of experience writing in the personal finance space for outlets such as Bankrate, Bankrate Canada, ...

What is APR in general? According to the Consumer Financial Protection Bureau (CFPB), the APR or annual percentage rate is the amount paid to borrow money. It’s also known as a credit card interest ...

The terms “purchase APR” and “interest rate” mean the same thing when it comes to credit cards. Purchase APR refers to the percentage of the loan amount you’ll owe on an annual basis in exchange for ...