A credit card’s APR, or annual percentage rate, tells you roughly how much you will have to pay in interest charges if you carry a balance on your account for a year. WalletHub tapped Poole professor Christian Koch for his expertise on navigating a credit card’s APR.
“The simplest way to avoid interest is to pay your full statement balance by the due date each month,” he said. “Setting up automatic payments and budgeting for your monthly credit card use can help ensure that happens consistently.”
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