What does APR mean?
 

When you have a credit card, what does for example 13% APR mean? :helpme

annual percentage rate

and that means?

that means 13% A Penis Rocket(APR)

Short for Annual Percentage rate, the APR is a measurement used to compare different loans offered by competing lenders, which takes into account both the interest rate and closing fees. Unlike an interest rate, an APR gives you a bigger picture when shopping for the best deal on a loan. For example, an APR lets you see the total cost of a mortgage, including closing fees and lender points over the life of a loan - not just the interest due. Even though lenders are required by law to show a loan's APR, they don't all use the same fees in their calculation, skewing the comparison. So always check to make sure that the APRs you are comparing include similar fees.

thanks :thumbsup