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- - Question about APR (https://www.aspkin.com/forums/credit-card-alternatives/138458-question-about-apr.html)

BenjaminLucas

08-20-2020 12:04 PM

Question about APR

I have a question about APR... So I got an offer from 1 of my CC companies with the paper checks they send out: 6.99% APR for life when check posts by 10/31/2020. So does that mean if I use one of these for $1000, that would be a total of $69.99 extra for interest? If it takes more than a year to pay off, does that add another $69.99?omegle xender

yobar

08-21-2020 10:52 AM

Re: Question about APR

The APR on a mortgage is a measure of the cost of credit that lenders are required by law to disclose to borrowers. It includes loan fees paid to the lender upfront, as well as the interest rate. The higher are the loan fees, the larger will be the APR relative to the rate

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