Credit Cards

“APR” are three letters you see a lot in the world of finance and they stand for Annual Percentage Yield—also known as your interest rate. The two are kind of interchangeable. Basically, it’s what the loan will cost you, the borrower.

For credit cards, the APR is particularly important because it reflects the interest rate applied to balances that are not paid in full by the end of the billing cycle. Credit card APRs can vary based on factors such as your creditworthiness, the type of card, and the market conditions.

Of course you can! In fact, we offer three different credit cards that can be considered “credit builder” cards. They’re designed to help those with poor or no credit build or improve their scores. These cards typically have a lower credit limit and higher interest rates so you should plan to pay off your balance each month. If used correctly, making payments on time and in full as often as possible, you’ll build your credit score and will be able to get access to more competitively priced and higher limit cards in the future.

Yes, most credit cards charge a cash advance fee of around 3%. On top of that, you’ll be charged interest from the moment you withdraw the cash, even if you pay your balance in full that month. Credit card cash advances should be reserved for emergencies only and repaid as soon as possible.