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Credit Card Applications » Questions » User Questions » Other » What is the APR and is there an annual fee on the Academy credit card?

What is the APR and is there an annual fee on the Academy credit card?

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The Academy credit card has a variable APR that is based on the creditworthiness of the applicant. This is an area where store cards can get tricky. This card is issued by U.S. Bank and can have a rate that falls somewhere between 11.24% and 23.24%. The problem with this is there is really no clear way to tell what APR you will be given. The rates are provided at the discretion of the bank so even if you have good credit you may still end up with an APR on the higher side. It is all determined on a case by case basis and they may take more factors into consideration than just your credit score such as your income and living situation. The annual fee is based on creditworthiness as well. The fee can range from nothing to $29 a year. There is also a late payment fee of up to $38, and a returned payment fee of $35. If you are charged interest it will be a minimum of $2. However, there is a grace period of 24-30 days after the close of each billing cycle. So if you pay your bill in full each month you can avoid interest.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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