When choosing to have a credit card or credit arrangement how many of us take an interest in the APR or look into how much our borrowing will cost us over the year that we have a credit amount outstanding.

The APR or annual percentage rate that is used for a credit card or credit facility is our guideline as to how much interest we will be paying to the financial lender on the money we borrow.

With the competition nowadays to offer us credit on all matter of consumables we can all to easily forget that what we sign for today on a credit card or credit arrangement will inevitably cost us considerably more than the original purchase price if we don