A credit card’s interest rate is called its APR, or annual percentage rate. Different rates may be applied to various types of transactions — which could include purchases, balance transfers ...

This is because an APR determines how much it’s going to cost you to borrow money on your card. And with an average credit card interest rate of over 20 percent, credit cards are one of the most ...

your best bet is figuring out which credit card offers the perks and benefits you want, along with a lengthy 0% introductory APR offer. For example, let’s say you hoped to earn cash back on your ...

Best 0% APR business credit cards Best for no annual fee: Ink Business Unlimited® Credit Card Best for travel rewards: The Blue Business® Plus Credit Card from American Express Best for welcome ...

Ben Woolsey is a full-time Associate Editorial Director at Investopedia, focusing on financial products and services. He has worked in marketing, operations, and content management roles for banks ...

Commissions do not affect our editors' opinions or evaluations. A credit card with a long 0% intro APR period can be an excellent tool for managing your purchases without incurring interest charges.

A 0 percent APR credit card can be a great financial tool, but there are debt traps to be aware of when using one. Always make the minimum payments on your credit card to avoid consequences like ...