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What is default APR?

In Credit Cards - Interest Rates - Asked by Admin - 15 months ago

Default APR is the APR rate you will be charged if you are late on your payments, it can be applied to your outstanding balances and is also called the penalty rate.

Answered by Admin - 15 months ago


Tags: default apr, penalty rate, apr, credit card, credit cards, what is default apr?

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If you are looking at Credit Cards you may be concerned about interest rates. Many credit cards have high interest rates or variable interest rates. There are many aspects that affect credit cards interest rates. If you need answers about credit cards interest rates questions like, "what is default apr?" or help understanding credit card interest rates Zuuply.com can help you with all you need to know.



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