Credit Card Apr File

: Lenders use your credit score and history to set your rate; higher scores typically qualify for lower APRs.

: Most issuers divide your APR by 365 to determine a Daily Periodic Rate (DPR) . Example : A 20% APR becomes a daily rate ( credit card apr

: The standard rate applied to new items you buy. : Lenders use your credit score and history

Credit cards often have multiple rates depending on how you use the card: credit card apr

: A much higher rate triggered if you miss payments or violate terms. What Determines Your Rate?