 TITLE: What Is a Good APR for a Credit Card? CONTENT: How Your Credit Card APR Is Determined\n--------------------------------------\nThe term APR stands for annual percentage rate, which is the rate lenders charge when you borrow money. It represents the yearly cost of funds, but it can be applied to loans made for much shorter periods of time. If you pay off your balance in full every month, you may never have to pay APR on your credit card. But if you carry a balance, your card issuer will charge you interest on the balance.\nEvery credit card has its own APR and fee structure, which you can find in the card's Schumer box. You can typically find this box on a credit card website's landing page or during the online application process.\nHere's an example of what you'll see:  \nDepending on the credit card, it may offer just one APR to all approved cardholders, a few options or a range. Because rewards credit cards offer more value to cardholders, they often charge higher APRs than basic credit cards. You'll typically find the highest credit card APRs on store credit cards and credit cards for bad credit.\nIf a credit card issuer offers more than one APR on a card, the APR it assigns to you is based on your creditworthiness, or how the issuer views you as a risk.\nOne way they assess how risky you are is by checking your credit scores. People with high credit scores tend to be less risky borrowers than people with low credit scores.\nYour credit scores aren't the only risk factors lenders consider, though. They'll also look at your past payment history, any negative items on your credit report and your debt-to-income ratio (DTI). As a result, you can still end up with a high APR even if you have a good credit score. END