Angel One - Share Market Trading and Stock Broking
Skip to main content
Credit Cards

Annual Percentage Rate (APR)

Greetings, class. Today, we will be discussing an important concept in the world of finance: the annual percentage rate, or APR. This is the interest rate that is charged to credit card holders on any balances that are not paid in full by the due date. While some card issuers may advertise a seemingly low monthly interest rate, it's important to note that when calculated over the course of a year, this rate can reach as high as 43%.

Related terms

Global Card

Understand the meaning and definition of Global Card in the context of stock market, trading, and investments.

MORE
Credit Card

Understand the meaning and definition of Credit Card in the context of stock market, trading, and investments.

MORE
Default

Understand the meaning and definition of Default in the context of stock market, trading, and investments.

MORE
General Insurance

Understand the meaning and definition of General Insurance in the context of stock market, trading, and investments.

MORE
Late Payment Fee

Understand the meaning and definition of Late Payment Fee in the context of stock market, trading, and investments.

MORE
Billing Cycle

Understand the meaning and definition of Billing Cycle in the context of stock market, trading, and investments.

MORE

Open Free Demat Account!

Join our 3.8 Cr+ happy customers

+91
Explore other categories
Enjoy Zero Brokerage on Equity Delivery
10 Cr+DOWNLOADS

Enjoy Zero Brokerage On Stock Investments

Get the link to download the App

Scan this QR code to download the app
Get it on Google PlayDownload on the App Store