Credit Expressed

In the modern world, credit cards have become such an integral financial means that it is no wonder the financial market is overflowing with a vast array of these products. But with so many types and companies to choose from, it is quite easy to get lost and confused.

Not to mention the fact that many companies concoct different schemes to lure and attract customers to apply with them. So how does one succeed in finding the best credit card deals? Here are the factors that you have to know about to help you uncover the true value of the deals offered to you.

APR or Annual Percentage Rate

An APR refers to the measure of the cost of credit expressed as an annual percentage rate. The lower this rate is the less money you need to pay when you have a balance. Most cards come with an introductory offer of a 0% or low APR. While this sounds like a great deal, it is important to know how long this teaser rate will last and how much the real rate is when it expires.
By Morgan Hamilton