 TITLE: How Does Credit Card Interest Work? CONTENT: Different Types of APRs on Credit Cards\n---------------------------------------\nIt would be easier to compare credit card APRs if each card had just a single rate. However, most cards have several different types of interest rates. For example, many cards offer a low introductory rate on new purchases, balance transfers or both that you can take advantage of when you are approved for the card. These are usually 0% APR, which differs from the standard rate that applies once the promotional rate ends.\nIn some cases there's a standard APR that applies to new purchases and a separate rate that applies to balance transfers. Then there's the APR for cash advances, which is typically higher than the interest on purchases. Thankfully, you can easily view all of these rates in a format that's easy to read. Credit card issuers are required to disclose these rates in a standardized table format called a Schumer box (see example below). END