{"id":45664,"date":"2023-10-13T19:30:51","date_gmt":"2023-10-13T19:30:51","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/10\/13\/what-is-a-purchase-apr-on-a-credit-card-the-points-guy\/"},"modified":"2023-10-13T19:30:51","modified_gmt":"2023-10-13T19:30:51","slug":"what-is-a-purchase-apr-on-a-credit-card-the-points-guy","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/10\/13\/what-is-a-purchase-apr-on-a-credit-card-the-points-guy\/","title":{"rendered":"What is a purchase APR on a credit card? – The Points Guy"},"content":{"rendered":"


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If you’re new to the world of credit<\/a>, you might be confused by several frequently used abbreviations. One of the most important ones is annual percentage rate<\/a>. In short, APR is the amount you are charged by a lender or credit card issuer for borrowing money on an annual basis.<\/p>\n

When it comes to installment loans such as personal loans or auto loans, the APR encompasses both the interest and fees imposed by the lender. However, for credit cards, the APR solely refers to the interest rate and does not include any annual fees that may be applicable.<\/p>\n

Keep reading to learn more about purchase APR and what it means for your bottom line.<\/p>\n

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How purchase APRs work<\/h2>\n

The purchase APR<\/a> of a credit card is the interest rate that applies to purchases when no other APR takes priority.<\/p>\n

There are a few other types of APR<\/a> you might come across. Your card might have an introductory APR \u2014 a limited-time promotional interest rate \u2014 or a cash advance APR \u2014 the rate for borrowing cash. However, purchase APR will be the focus here.<\/p>\n

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