This number only matters if you are carrying month-to-month debt, which you should avoid.
APR is the rate that determines the interest you incur monthly, and it can change before the end of the year.
Not to mention, they give you another card to track.
Because you probably won't use a store credit card frequently, you're probably more likely to forget it exists — and forget to pay it off. Annual percentage rate, or the interest rate you'll be charged on your credit card debt each year.
Many credit card issuers will offer a 0 percent APR for the first couple of months of use, and then raise it after that initial term. Typically, this APR is offered to customers with excellent credit and a strong credit history.
What's the best "starter" credit card, if that exists?
This depends on a number of factors including who you prefer to bank with and what your needs are.
But you need them to help establish a credit history, which is essential for doing things like renting an apartment, buying a car, or sometimes even landing a job. Building your credit history via a credit card can be an effective way to help your credit score.
Understanding how credit cards work can make or break your financial future., walks us through the basics of interest rates, late payments, credit scores, and everything else you need to know about how credit cards affect your life. Think about it: Who are you more likely to trust — your best friend from elementary school or a stranger you just met on the street?