GET.com - APR versus APY - What's The Difference?

Posted: 02 Sep 2015 05:23 AM PDT

Banks often hide real numbers behind financial jargon and acronyms. If you aren't smart enough to know what these numbers mean, you can end up being taken for a ride. Two little acronyms that get thrown around a lot are APR (Annual Percentage Rate) and APY (Annual Percentage Yield). APR is...[visit GET.com to read more] or compare Credit Card Rewards or Best Credit Cards