The credit card feature that determines the amount of interest paid on unpaid balances is the annual percentage rate (APR). The APR represents the yearly interest rate charged on any unpaid balance, making it a critical factor in understanding how much interest you will accrue on an outstanding balance.
Which credit card feature determines the amount of interest paid on unpaid balances?
Responses
cash-advance fee
cash-advance fee
balance-transfer fee
balance-transfer fee
annual percentage rate
annual percentage rate
grace period
1 answer
1 answer