What does apr variable mean on credit cards?

Answer Credit cards can lead people into financial trouble, especially if they don't understand all the terms when signing up for one. APR is an important term for credit card holders to understand.Identi... Read More »

Top Q&A For: What does apr variable mean on credit cards

What does variable rate on credit cards mean?

A variable rate on a credit card means that the interest rate tied to the credit card balance is subject to change on a preset basis, based on market conditions. This means that the interest rate c... Read More »

Do all credit cards have a variable APR rate?

While it seems like most credit cards have a variable APR, this does not always hold true; however, variable APRs are the most popular type of interest rate for credit cards.IdentificationNot all c... Read More »

What does APR on credit cards mean?

APR stands for Annual Percentage Rate. It indicates the amount of interest a credit card charges on your account balance each year. To figure your daily interest rate, simply divide your APR by 365... Read More »

What does net mean in business credit cards?

Business credit accounts often provide the account holder with the ability to pay with "net" terms, such as Net 30 or Net 90. "Net" simply means the grace period, or number of days an account holde... Read More »