| |
| What is Applied Interest Rate?
This rate is used by the credit card company or the loan giver to calculate the amount of money what you owe them. It's distinct from APR because some taxes and charges are not included.
Credit card companies and lenders give you an interest rate which might be above or below the rate which is advertised everything comes down to your financial state and how reliable you are. | | | | |
|
| |