Demystifying Credit Card APR: Understanding, Types, and Tips
Introduction
In the realm of personal finance, credit cards have become an integral part of modern life, providing convenience and flexibility for transactions. However, the world of credit cards comes with its own jargon, and one term that often puzzles cardholders is "APR." Short for Annual Percentage Rate, APR plays a crucial role in determining the cost of borrowing money through your credit card. In this comprehensive guide, we will delve into the intricacies of credit card APR, demystifying its meaning, types, factors affecting it, and how it impacts your financial decisions.
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