With our credit card we have 50 or 60 or something like that interest free days on purchases and if we don't pay the balance of the purchase in that time we get charged with interest.

Most store cards have interest rates close to and some OVER 20% A lot of banks offer interest as low as 9-10%. It's worth shopping around, as some have interest free days, other have low or no account keeping fees, others offer rewards but no interest free days, some have low rates on cash advances, and some are low interest and etc etc (rarely do you get a card with the lot!!!).

Personally the best for us that I found was the NAB Low Rate card, as it offered 6 months interest free on balance transfers (and we used to have a Coles Group Sourcecard that was slogging us 21%pa!!!).


Oh, and APR is the annual percent rate I think? I'm pretty sure its just a way of describing the interest rate on a card.