By:Brian Shoemaker You probably see a lot of credit card offers on a daily basis whether it's on television, the internet, a magazine or in the mail. In the advertisement, you probably see or hear APR mentioned several times in the form of Introductory APR, Standard APR, Cash Advance APR, Balance Transfer APR and Default APR. The differences between these APRs might be confusing at first but they are pretty simple to understand. Introductory APR refers to the initial interest rate you receive for purchases on the credit card when you first get it. This Introductory APR is usually really low (around 0%) and lasts between 6 and 12 months. Standard APR is the interest rate the credit card goes up to after the Introductory APR period is over. Cash Advance APR is the interest rate you receive for cash advances. Balance Transfer APR is the interest rate you receive for any credit card balance you transfer over to your new credit card. As a side note, if you have a high interest rate credit card and the new credit card company's Balance Transfer APR is lower than your present credit card's interest rate or if they offer the Introductory APR for balance transfers, transfer your balance to the new credit card if you can pay the balance off within the Introductory APR period. Default APR is the interest rate your card goes up to if you are late on payments or go over your credit limit. Article Source: http://www.redsofts.com/articles/ Find personal credit cards and business credit cards that offer rewards, low introductory rates on balance transfers and cash back. More credit card offers can be found at TheCreditCardOffer.com. More Articles from Credit Category: How to Eliminate Credit Card Debt FICO: Your Personal Financial Score Card Repair Your Credit Legally Credit Scoring Explained Low Interest Rate Credit Card What Does A Zero Interest Credit Card Really Cost You? Want To Loose Your Debt? Know How To Get Your Finances In Order A Bad Credit Card That May Be Good For You Learning About Cash Back Credit Cards: Good or Bad Idea? Credit Card Use and Your Credit Report Bad Credit - Some Solutions To Your History Poor Credit History - Which Is Best, A Credit Card Or Personal Loan? Credit Card Debt – Some Remedies Credit Cards Abroad – Tips To Save On Charges

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