How does credit card interest work? This is a common question, especially when you’re trying to find credit cards with the best APR, which stands for annual percentage rate and is just your credit card interest rate calculated on a yearly basis.
Your credit card APR is essential to understanding if the card you use is the best fit for your financial needs. Before going further into which credit cards have which interest rates, you should learn about average credit card interest rates and what factors affect them.
