http://ficoforums.myfico.com/t5/Credit-Cards/APR-vs-Effective-APR/m-p/41389#M1508 Hi everyone..... Apologies in advance if this is a recurring topic; I couldn't find it anywhere. I have been keeping a log of my CC payments, balances, etc for over a year. I was updating info on my spreadsheet and noticed that now I see the following on many of my statements: Annuals Percentage Rate: 22.55% Effective Annual Percentage Rate: 36.79% Now mind you this one I used as an example is zero'ed out, so I don't carry a balance and have no annual fee (dept store card) but am curious what is the difference? And which am I actually being charged on any purchases. Thanks!!!! Terri Tue, 31 Jul 2007 02:18:28 GMT terrirayfic 2007-07-31T02:18:28Z http://ficoforums.myfico.com/t5/Credit-Cards/APR-vs-Effective-APR/m-p/41389#M1508 Hi everyone..... Apologies in advance if this is a recurring topic; I couldn't find it anywhere. I have been keeping a log of my CC payments, balances, etc for over a year. I was updating info on my spreadsheet and noticed that now I see the following on many of my statements: Annuals Percentage Rate: 22.55% Effective Annual Percentage Rate: 36.79% Now mind you this one I used as an example is zero'ed out, so I don't carry a balance and have no annual fee (dept store card) but am curious what is the difference? And which am I actually being charged on any purchases. Thanks!!!! Terri Tue, 31 Jul 2007 02:18:28 GMT http://ficoforums.myfico.com/t5/Credit-Cards/APR-vs-Effective-APR/m-p/41389#M1508 terrirayfic 2007-07-31T02:18:28Z