 TITLE: How Does Credit Card Interest Work? CONTENT: What's the Difference Between the Interest Rate and APR?\n--------------------------------------------------------\nSometimes you see the terms \"interest rate\" and \"APR\" thrown around interchangeably, but they're actually separate concepts in some contexts. For mortgages, car loans and other types of installment loans, the APR, or annual percentage rate, includes both interest and other charges such as points and fees. So your interest rate and APR on a mortgage, for instance, will slightly differ.\nBut when it comes to credit cards and other types of revolving credit accounts, the two terms mean the same thing: Your APR is your interest rate. Any additional credit card charges, such as annual fees and late fees, are not figured in to your APR. To find out more, see \"APR vs. Interest Rate: What's the Difference?\" END