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Credit card interest rates

Best credit card deals can be compared most effectively online. The best deals on credit cards are usually the ones with low interest rates and introductory offers (ideal for balance transfers).

If you make a purchase and spread payments over a period of months, you will be subject to the Annual Percentage Rate (APR) as stipulated on your contract – typical APR. More...

As of May 2007, this monthly interest charge was set between 0.75 and 1.5%, giving us an annual interest rate spread of 9% to 18% (with exceptions).

The APR is the main cost of using your card (aside from any additional charges) and is a good gauge when comparing credit card deals. Some credit card companies offer various APR rates depending on the credit card provider’s assessment of the applicant, ie credit history, salary etc.

Note: The interest rate may vary over time so check your monthly statements.