If you owe the government taxes, you may find that paying Uncle Sam with a credit card is actually advantageous. Buzz60
Your credit card’s interest charges are determined by your APR, but what exactly does that mean?
APR stands for annual percentage rate and tells you the cost of borrowing money on an annualized basis.
While the terms APR and interest rate are often used interchangeably, they have substantially different meanings.
With that in mind, here’s a primer on APR, how it differs from interest rate, how your credit card issuers determine your APR, how APR changes over time and some smart ways to avoid credit card APRs.
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