Credit Card APR vs. Interest Rate: What’s The Difference?

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The Smart Investor

1 min readDec 23, 2019

APR and interest rate are similar, but not exactly the same. What are the differences between them and where you should pay special attention to those differences?

If you’re in the market for a mortgage, credit card, or personal loans, might find all the financial terminologies as mumbo jumbo.

Two phrases stand out in the most confusing category: annual percentage rate (APR) and interest rate. In the same way as knowing the difference between a fixed-rate and an adjustable-rate mortgage loan, knowing how an APR and interest rate difference is important.

If, right now, you can reasonably distinguish the two, welcome to the club. However, once you learn the difference between these two figures, you’ll be more confident to begin shopping for a loan.

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Credit Card APR vs. Interest Rate: What’s The Difference?

Written by Baruch Mann (Silvermann)