Purchase Rate
What is a purchase rate and how does it differ from a balance transfer rate? The purchase rate is applied to transactions where you use your card to make a general purchase e.g. buying clothes in a shop, ordering goods online or paying for a meal in a restaurant.
Interest rates vary for each card with some as low as 0% for a time limit period right through to cards advertised at 29.9% which is why you should always check and compare the purchase rates along with the balance transfer rates before applying for a card.
Please remember that you may get charge a higher APR rate than the advertised purchase rate if you use your credit card to withdraw cash from an ATM machine, buy foreign currency or use you credit card for online gambling. Most credit card companies class these transactions a cash advances and charge a high APR for using them.
You should always look at a credit cards purchase rate along with any promotional rates before applying.