While the best rewards credit cards can help you rack up cash back, points or miles on purchases, they usually come with high interest rates. Because of this, balances on your card can be challenging to pay off, especially if you don’t know your card’s annual percentage rate (APR). In fact, 43% of cardholders carrying a balance don’t know their credit card APR, according to a 2023 Bankrate study (opens in new tab).
Original article: https://www.kiplinger.com/personal-finance/credit-debt/what-is-apr
