Purchase APR
Cards & borrowingThe interest rate applied to new card purchases.
Overview
Purchase APR applies when you do not pay the statement balance in full.
Some cards offer 0% purchase periods.
Why it matters
- It affects the cost of carrying a balance.
- It influences how expensive everyday spending becomes.
- It is a key factor in comparing cards.
FAQs
Do I pay purchase APR if I pay in full?
Usually no. Paying the statement balance avoids interest.
Can purchase APR change?
Yes, especially with variable-rate cards.
Related terms
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