HOW TO CALCULATE VARIABLE APR ON YOUR CREDIT CARD
Calculating the variable Annual Percentage Rate (APR) on a credit card involves a few key steps. First, you need to identify the reference rate, which is often stated in your credit card agreement as "Prime Rate + X%." The reference rate serves as a benchmark and can change periodically based on market conditions. Next, determine the margin, which is the fixed percentage added by the credit card issuer to the reference rate. Read More: https://bestcreditguides.blogspot.com/2023/05/how-to-calculate-variable-apr-on-your.html