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The annual percentage rate is the amount you pay In a year. Base rate is what is charged each compounding period. So if it compounds annually then it's the same rate. If it compounds daily like most credit cards the base rate is much lower than the APR.
The annual percentage rate is the amount you pay In a year. Base rate is what is charged each compounding period. So if it compounds annually then it's the same rate. If it compounds daily like most credit cards the base rate is much lower than the APR.