7 Essential Credit Card Terms You Must Know Posted: 15 Oct 2014 06:40 AM PDT 1. Annual percentage rate (APR). An APR is a yearly interest rate that the bank that issued your card charges you for money you owe them. If you spend $5,000 on shopping with your card in a month, but only pay $200 back, you will owe the bank $4,800. The amount you owe is called a balance and you ...[ visit GET.com to read more] or compare Credit Card Rewards or Best Credit Cards |
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