All > Business > Finance > Personal Finance > Consumer Credit > Credit Card

• The price paid for borrowing money. For credit cards, the interest rate is usually stated as a yearly percentage rate, called annual percentage rate, or APR.
  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
  ×

  Cite Definition for Interest rate

  American Psychological Association (APA)

  Interest rate. (n.d.). Credit Card Consumer's Guide. Retrieved November 29, 2022, from website: http://www.expertglossary.com/definition/interest-rate.

  Chicago Manual of Style (CMS)

  Interest rate. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/interest-rate (accessed: November 29, 2022).

  Modern Language Association (MLA)

  "Interest rate." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 29 November. 2022 http://www.expertglossary.com/definition/interest-rate.

• Browse Related Terms: Annual Percentage Rate (APR), Balance Transfer, Balance-transfer fee, Cash-advance fee, Interest rate, Membership fee, Participation fee

Also listed in:

• All > Business > Banking
• All > Business > Finance > Personal Finance
• All > Business > Finance > Personal Finance > Mortgage
• All > Business > Real Estate