 TITLE: What to Consider When Choosing a New Credit Card CONTENT: 4\\. Annual Percentage Rates (APRs)\n----------------------------------\nA credit card's APR determines how much interest accrues when you carry a balance.\nYou generally won't pay any interest on purchases if you pay off the card's entire balance each month. A card with a potentially low interest rate could be best if you intend to occasionally revolve a balance. For reference, the average interest rate on credit cards is around 16%.\nIf you plan on using the card for a large expense that you'll pay off over time, look for a card that has an intro 0% APR offer. Similarly, balance transfer cards can offer an intro 0% APR on balance transfers during a limited period.\nThe Wells Fargo Platinum card offers an 18-month promotional 0% APR period on purchases and qualifying balance transfers. However, with all intro APR offers, the card's standard variable APR applies to remaining balances once the promotional period ends—that's a 16.49% to 24.49% variable APR with the Wells Fargo Platinum card. Balance transfers made within 120 days of account opening qualify for the card's 0% APR intro offer. You'll pay a 3% balance transfer fee ($5 minimum) on balance transfers made within the first 120 days, and a 5% fee on transfers made thereafter ($5 minimum).\nAlso, credit card cash advances may carry a separate (often higher) APR that applies even if you have a 0% APR offer for purchases and balance transfers. END