What is a fixed APR credit card?

About fixed APR credit cards

Fixed APR credit cards carry a fixed interest rate on all or a portion of the card balance that lasts for a specified amount of time. Some credit cards offer a fixed APR on only purchases, some offer a fixed APR on only balance transfers and some offer a fixed APR on both purchases and balance transfers.

For example, if you transfer a balance to a credit card with a fixed APR of 9.9% for life, the APR for this balance will typically stay at this 9.9% level until the balance is paid in full.

Some people choose a fixed APR credit card to ease the burden of constantly switching balances from one card to another once low introductory APRs disappear and higher APRs take over.

Every credit card is a bit different and promotional offers often change, so be sure to thoroughly look over the terms and conditions for each specific card before applying.