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what is a Arp |
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Date:
September 11, 2007, 3:10 am |
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what is a Arp |
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Answer:
Thank you for asking your question. We hope our answer helps you. APR is an abbreviation for Annual Percentage Rate. It is an expression of effective interest rate. APR is paid by a borrower on a loan. Consequently, APR means the total cost of a credit granted to you. When there is a balance on your credit card APR is charged, and it is applied every month in case when the outstanding balance is present. The quantity of APR depends on a time period for which the loan is calculated. Note that a single credit card may have several APRs for various transactions available with this card (cash advances, balance transfers, purchases, etc.). Another issue relative to this point is Introductory APR. This one is lower and available only for a certain period of time (3-15 months). In case with many credit cards Intro APR is not available. Use these options to choose the variant which does for you best. |
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