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

• An APR set at a certain percent that cannot change during the period of time outlined in your credit card agreement. If your company does not specify a time period, the rate cannot change as long as your account is open.
  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
  ×

  Cite Definition for Fixed-rate APR

  American Psychological Association (APA)

  Fixed-rate APR. (n.d.). Credit Card Consumer's Guide. Retrieved April 1, 2023, from website: http://www.expertglossary.com/definition/fixed-rate-apr.

  Chicago Manual of Style (CMS)

  Fixed-rate APR. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/fixed-rate-apr (accessed: April 1, 2023).

  Modern Language Association (MLA)

  "Fixed-rate APR." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 1 April. 2023 http://www.expertglossary.com/definition/fixed-rate-apr.

• Browse Related Terms: Bill, Billing period, Due date, Fixed-rate APR, Grace Period, index, Late payment, Minimum interest charge, Minimum Payment, Variable-rate APR