A purchase annual percentage rate (APR) is the interest rate that credit cards charge on new purchases if you don't pay your balance in full first.

For example, if you have a credit card balance of $1,000 and your APR is 21%, you'll accrue $210 in interest over a year. Related: What is a good APR for a credit card?

Understand what’s considered high-interest debt, how it impacts your finances and effective debt management strategies to prepare for the future.

In the context of credit cards, the periodic rate times the number of periods in a year. For example, a 1.5% monthly rate has an APR of 18%. In the context of consumer lending, the APR takes into ...

The annual return is the compound average rate of return for an investment per year over a period. It can be useful when you want to gauge performance over time.

Annual percentage rate (APR) In the context of credit cards, the periodic rate times the number of periods in a year. For example, a 1.5% monthly rate has an APR of 18%. In the context of consumer ...