- The Annual Percentage Rate (APR) is a variable rate that determines how much interest an unpaid balance will be charged. If you pay your statement balance in full each month, you will not be charged interest. APR is determined by adding a percentage margin to the U.S. Prime Rate. In the case of Nibbles, the card APR is 17.74% + U.S. Prime Rate.
- It may increase or decrease if the U.S. Prime Rate changes. U.S. Prime Rate is determined by the Federal Reserve and shifted based on current economic conditions.
- No, you cannot request a lower APR at this time.