You may have seen the term APR, or annual percentage rate, used in reference to everything from mortgages and auto loans to credit cards. In this piece, we look at credit card APRs which you've probably seen listed on your monthly statements. Knowing what an APR is, how it's calculated and how it's applied can help you make more informed credit card decisions. Content brought to you by our partner, Better Money Habits.

Concepts

credit cards, debt, interest, personal finance

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Additional Tags

annual percentage rate, khan academy, khan academy: what is an apr - by better money habits, laons

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Classroom Considerations

• Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)
• The intended use for this resource is Instructional