Glossary
APR
Annual percentage rate: the yearly cost of borrowing, before compounding. Card issuers divide APR by 365 and charge that daily, so a 24% APR costs about 0.066% per day on whatever you owe.
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Credit & Debt guide
Glossary
Annual percentage rate: the yearly cost of borrowing, before compounding. Card issuers divide APR by 365 and charge that daily, so a 24% APR costs about 0.066% per day on whatever you owe.
Full treatment
Credit & Debt guide