Interest Rates? – Forums


I am trying to compare my three credit cards, but all describe the interest rates differently, making it difficult to compare. I get APR on card 2 but have no idea what the others mean and how to convert them to APR. A quick Google hasn’t helped either. Any ideas?

Card 1

Annual Simple Interest Rate

Annual Compound Interest Rate

Card 2

Annual Percentage Rate (APR)

Card 3

Purchase Interest Rate (this is not APR too low a figure 1.75%


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