What is actually an annual percentage rate (APR)? | Apr versus. APY An annual percentage rate otherwise Apr is important for almost all designs away from borrowing from the bank. Learn more about what Annual percentage rate mode, Annual percentage rate against. APY, just what it opportinity for credit cards, and. [Duration- 2:14] Highlights: An apr (APR) is short for the yearly cost of borrowing currency, depicted due to the fact a percentage. Evaluating APRs all over several money or