Help get this topic noticed by sharing it on Twitter, Facebook, or email.

Credit cards - What does Representative APR mean?

APR means ‘annual percentage rate’.

It’s the amount of interest you’ll pay over one year as a proportion of your outstanding balance - so a lower APR means you’ll pay less interest.

It's called 'representative' because at least 51% of the customers that are accepted for the card have to be offered the APR shown.
1 person has
this question