{"id":12836,"date":"2024-03-01T01:53:10","date_gmt":"2024-03-01T06:53:10","guid":{"rendered":"https:\/\/myratecompass.ca\/blog\/?p=12836"},"modified":"2025-02-04T23:36:03","modified_gmt":"2025-02-05T04:36:03","slug":"what-is-the-purchase-rate-on-a-credit-card","status":"publish","type":"post","link":"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-purchase-rate-on-a-credit-card\/","title":{"rendered":"What Is The Purchase Rate On A Credit Card"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" style=\"display: none;\"><i class=\"ez-toc-glyphicon ez-toc-icon-toggle\"><\/i><\/a><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-purchase-rate-on-a-credit-card\/#How_Does_A_Credit_Card_Purchase_Rate_Work\" title=\"How Does A Credit Card Purchase Rate Work?\">How Does A Credit Card Purchase Rate Work?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-purchase-rate-on-a-credit-card\/#What_Affects_Your_Credit_Card_Purchase_Rate\" title=\"What Affects Your Credit Card Purchase Rate?\">What Affects Your Credit Card Purchase Rate?<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-purchase-rate-on-a-credit-card\/#How_To_Lower_Your_Credit_Card_Purchase_Rate\" title=\"How To Lower Your Credit Card Purchase Rate\">How To Lower Your Credit Card Purchase Rate<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-purchase-rate-on-a-credit-card\/#How_To_Find_The_Purchase_Rate_On_Your_Credit_Card\" title=\"How To Find The Purchase Rate On Your Credit Card\">How To Find The Purchase Rate On Your Credit Card<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-purchase-rate-on-a-credit-card\/#Tips_For_Managing_The_Purchase_Rate_Effectively\" title=\"Tips For Managing The Purchase Rate Effectively\">Tips For Managing The Purchase Rate Effectively<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-purchase-rate-on-a-credit-card\/#Common_Misconceptions_About_Purchase_Rates\" title=\"Common Misconceptions About Purchase Rates\">Common Misconceptions About Purchase Rates<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-purchase-rate-on-a-credit-card\/#Final_Thoughts\" title=\"Final Thoughts\">Final Thoughts<\/a><\/li><\/ul><\/nav><\/div>\n<span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">5<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span>\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"12836\" class=\"elementor elementor-12836\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-79fc3c0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"79fc3c0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-dadb053\" data-id=\"dadb053\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1c98c1f elementor-widget elementor-widget-text-editor\" data-id=\"1c98c1f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>A <b>purchase rate<\/b> is the interest rate that applies to any new purchases you make using your credit card. This rate only applies if you carry a balance on your credit card. Not all purchase rates are the same and vary based on your circumstances and credit card provider.\u00a0<\/p><p>In this article, we explain purchase rates, explore factors that can affect your purchase rate, and offer tips on how to lower your purchase rate.\u00a0<\/p><p>Let\u2019s dive in by first defining some basic terms.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bd0bbbe elementor-widget elementor-widget-heading\" data-id=\"bd0bbbe\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.17.0 - 08-11-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_Does_A_Credit_Card_Purchase_Rate_Work\"><\/span><b>How Does A Credit Card Purchase Rate Work?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e988ea1 elementor-widget elementor-widget-text-editor\" data-id=\"e988ea1\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>To understand purchase rates, you need to understand the following terms:<\/p><ul><li><b>Annual Percentage Rate (APR)<\/b>: APR is the interest you pay on your credit card balance per year. For example, you might have a 21% APR on your credit card.\u00a0<\/li><li>\u00a0<\/li><li><b>Outstanding balance:<\/b> If you don\u2019t pay off your credit card bill fully every month, any remaining debt is known as an \u201coutstanding balance\u201d. This is then carried from month to month until you pay it off.\u00a0<\/li><li>\u00a0<\/li><\/ul><p>Every time you purchase something with your credit card and <b>carry a balance,<\/b> you pay interest on the remaining balance. This interest is 1\/12th of the Annual Percentage Rate. If your APR is 21%, you will pay a 1.75% purchase rate. Any time you need to pay interest on a credit card purchase, you pay what is known as the <b>purchase rate<\/b>.\u00a0<\/p><p>If you pay your credit card fully each month, you never have to pay your purchase rate charges.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ee1d557 elementor-widget elementor-widget-heading\" data-id=\"ee1d557\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"What_Affects_Your_Credit_Card_Purchase_Rate\"><\/span><b>What Affects Your Credit Card Purchase Rate?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dd537a3 elementor-widget elementor-widget-text-editor\" data-id=\"dd537a3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Not all purchase rates are the same. Over time, your credit card issuer may change your rates, and if you purchase two separate credit cards, their rates will differ. Several factors affect your credit card purchase rate. <b>See the following to understand how:\u00a0<\/b><\/p><ul><li><b>Credit Score:<\/b> Your credit score plays a crucial role in determining the purchase rate on your credit card. A <b>higher credit score<\/b> indicates that you are a responsible borrower, which may make you eligible for a lower purchase rate. On the other hand, a <b>lower credit score<\/b> may result in a higher purchase rate.<\/li><li>\u00a0<\/li><li><b>Payment History:<\/b> Your payment history reflects how well you have managed your credit card payments in the past. If you have a history of making timely payments, it can positively impact your credit score and lead to a lower purchase rate.<\/li><li>\u00a0<\/li><li><b>Credit Utilization:<\/b> <a href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/how-to-increase-your-credit-card-limit\/\">Credit utilization<\/a> refers to the percentage of your available credit that you are currently using. Keeping your credit utilization low can help improve your credit score, which may result in a lower purchase rate. A good rule of thumb is to use less than 30% of your available credit.\u00a0<\/li><li>\u00a0<\/li><li><b>Market Conditions:<\/b> Market conditions, such as interest rates set by the central bank, can influence the purchase rate on credit cards. When interest rates are low, credit card issuers may offer more competitive rates to attract customers.<\/li><li>\u00a0<\/li><li><b>Cardholder Profile:<\/b> Your individual profile and creditworthiness play a role in determining the purchase rate. Factors such as income, employment history, and overall financial stability can impact the rate offered to you.<\/li><li>\u00a0<\/li><\/ul><p>Overall, by being fiscally responsible, you can get the best interest rates and pay lower purchase rates when (if) you carry a balance on your credit card.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-537604f elementor-widget elementor-widget-heading\" data-id=\"537604f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Lower_Your_Credit_Card_Purchase_Rate\"><\/span><b>How To Lower Your Credit Card Purchase Rate<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-15dde60 elementor-widget elementor-widget-text-editor\" data-id=\"15dde60\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you\u2019re unhappy with the current purchase rate on your credit card, you can try to negotiate a lower rate with your credit card issuer. While there\u2019s no guarantee of success, it may be worth a try. Here are some steps you can take to lower your purchase rate:<\/p><ul><li><b>Do your research:<\/b> Before contacting your credit card issuer, research the <b>current purchase rates<\/b> offered by other credit card companies. This will give you an idea of what rates are available and provide leverage for your negotiation.<\/li><li>\u00a0<\/li><li><b>Highlight your loyalty:<\/b> If you&#8217;ve been a long-term customer with a good payment history, emphasize your loyalty when speaking to your credit card issuer.\u00a0<\/li><li>\u00a0<\/li><li><b>Explain your circumstances:<\/b> If you&#8217;re facing financial difficulties or have experienced a change in your financial situation, share this information with your credit card issuer. They may be more understanding and willing to lower your purchase rate.<\/li><li>\u00a0<\/li><li><b>Be persistent:<\/b> Credit card issuers may initially resist lowering your purchase rate. Be persistent and ask to speak with a supervisor or someone with the authority to make rate adjustments.<\/li><li>\u00a0<\/li><li><b>Consider balance transfer offers:<\/b> If your credit card issuer is unwilling to lower your purchase rate, you may want to explore balance transfer offers from other credit card companies. This can be an effective way to move your existing balance to a card with a lower rate.<\/li><li>\u00a0<\/li><\/ul><p>Remember, negotiating a lower purchase rate is not guaranteed, but it&#8217;s worth the effort. Even a small change can make a big financial impact. For more information, see our c<a href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/how-to-lower-your-credit-card-interest-rate\/\">omplete guide on lowering your card\u2019s interest rates.<\/a> <\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc73686 elementor-widget elementor-widget-heading\" data-id=\"cc73686\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"How_To_Find_The_Purchase_Rate_On_Your_Credit_Card\"><\/span><b>How To Find The Purchase Rate On Your Credit Card<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64ce87f elementor-widget elementor-widget-text-editor\" data-id=\"64ce87f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Now that you understand the purchase rate and the factors that affect it, you may be wondering what your credit card purchase rate is. Typically, your card issuer will indicate your purchase rate when you acquire your credit card, but there are other ways to find your rates:<\/p><ul><li><b>Check your credit card statement:<\/b> The purchase rate is usually listed on your monthly credit card statement. Look for a section that outlines the interest rates, APR, or finance charges.<\/li><li>\u00a0<\/li><li><b>Review your credit card terms and conditions:<\/b> The purchase rate is often disclosed in the terms and conditions document you received when you first obtained your credit card. If you no longer have the physical copy, you can find the terms and conditions on your credit card issuer&#8217;s website.<\/li><li>\u00a0<\/li><li><b>Contact your credit card issuer:<\/b> If you&#8217;re unable to locate the purchase rate on your credit card statement or in the terms and conditions, you can contact your credit card issuer directly.<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8b3ce7f elementor-widget elementor-widget-heading\" data-id=\"8b3ce7f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Tips_For_Managing_The_Purchase_Rate_Effectively\"><\/span><b>Tips For Managing The Purchase Rate Effectively<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-706c31c elementor-widget elementor-widget-text-editor\" data-id=\"706c31c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>If you carry a balance, <b>purchase rates can stack up over time and become much harder to pay off<\/b>. Luckily, we\u2019ve got a few tips on how to minimize your interest charges and make the most of your credit card:<\/p><ul><li><b>Pay your balance in full:<\/b> To avoid interest charges, make it a habit to pay off your credit card balance in full each month. This way, you won&#8217;t accrue any interest on your purchases.<\/li><li>\u00a0<\/li><li><b>Pay on time:<\/b> Late payments can result in costly late fees and <b>increase your purchase rate<\/b>. Pay at least the <a href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-minimum-payment-on-credit-card\/\">minimum amount<\/a> by the due date to maintain a positive payment history.<\/li><li>\u00a0<\/li><li><b>Review your credit card options:<\/b> If you&#8217;re consistently carrying a balance and struggling with high-interest charges, it may be worth looking at other credit cards. Look for credit cards with lower purchase rates or cards that offer introductory 0% APR periods on new purchases.<\/li><li>\u00a0<\/li><li><b>Avoid cash advances:<\/b> Cash advances usually have <b>higher interest rates <\/b>compared to regular purchases. Whenever possible, avoid using your credit card for cash advances to minimize interest charges.<\/li><li>\u00a0<\/li><\/ul><p>If you follow these tips, you\u2019ll be well on your way to improving your credit score, lowering your purchase rates, and managing your credit card responsibly.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-618c3de elementor-widget elementor-widget-heading\" data-id=\"618c3de\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Common_Misconceptions_About_Purchase_Rates\"><\/span><b>Common Misconceptions About Purchase Rates<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8f20b7 elementor-widget elementor-widget-text-editor\" data-id=\"a8f20b7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While purchase rates are fairly straightforward, there are nevertheless several misconceptions around them. You may even believe some of these yourself. Below, we address the most common misconceptions about credit card purchase rates:<\/p><ul><li><b>All credit cards have the same purchase rate:<\/b> This is not true. Purchase rates can vary significantly between credit card issuers and even within different credit cards offered by the same issuer. It&#8217;s important to compare rates before choosing a credit card.<\/li><li>\u00a0<\/li><li><b>The purchase rate is always fixed:<\/b> While some credit cards have fixed purchase rates, many credit cards have variable rates that can change over time. Variable rates are often tied to the prime rate or another benchmark rate.<\/li><li>\u00a0<\/li><li><b>Paying the minimum amount due will avoid interest charges:<\/b> This is a common misconception. Paying the minimum amount will avoid late payment fees, but you will still be <b>charged interest on the remaining balance.\u00a0<\/b><\/li><li>\u00a0<\/li><li><b>Once you have a high purchase rate, it can&#8217;t be changed:<\/b> While it may be more challenging to lower your purchase rate once it&#8217;s been set, it&#8217;s not impossible. See the section above for our tips on <a href=\"https:\/\/docs.google.com\/document\/d\/1z6EIW8w_m9tlsLgbZdl6odyh6IjEavv9\/edit#heading=h.o2dec2vmlqat\" target=\"_blank\" rel=\"nofollow noopener\">how to lower your purchase rate<\/a>.\u00a0<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6c17d27 elementor-widget elementor-widget-heading\" data-id=\"6c17d27\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span><b>Final Thoughts<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c7cc3f6 elementor-widget elementor-widget-text-editor\" data-id=\"c7cc3f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In the end, your purchase rate is determined by your APR and spending habits. If you tend to carry a balance each month, your purchase rate may increase, causing you to pay more in credit card fees each year. The best way to avoid this is to pay your balance in full each month.\u00a0<\/p><p>If you find it difficult to cope with your current purchase rate, don\u2019t worry! You can always try to lower it or switch to a credit card with lower interest to make it easier to pay back your monthly fees.\u00a0<\/p><p>Remember, understanding purchase rates is the first step to using your credit card responsibly. Once you know how it works, you can learn how to avoid unnecessary fees and build good credit. Happy spending!<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p><span class=\"rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time:<\/span> <span class=\"rt-time\">5<\/span> <span class=\"rt-label rt-postfix\">Min<\/span><\/span> A purchase rate is the interest rate that applies to any new purchases you make using your credit card. This rate only applies if you carry a balance on your credit card. Not all purchase rates are the same and vary based on your circumstances and credit card provider.\u00a0 In this article, we explain purchase&hellip; <a class=\"more-link\" href=\"https:\/\/myratecompass.ca\/blog\/creditcards\/what-is-the-purchase-rate-on-a-credit-card\/\">Continue reading <span class=\"screen-reader-text\">What Is The Purchase Rate On A Credit Card<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":12838,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[1],"tags":[21],"class_list":["post-12836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-creditcards","tag-blog-post-template-1-main-template-to-use","entry"],"aioseo_notices":[],"featured_image_urls":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-scaled.jpg",924,616,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-300x200.jpg",300,200,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-768x512.jpg",750,500,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-1024x683.jpg",750,500,true],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-1536x1024.jpg",924,616,true],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-2048x1365.jpg",924,616,true],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-1568x1045.jpg",924,616,true],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-375x250.jpg",375,250,true]},"post_excerpt_stackable":"<p>Table of Contents How Does A Credit Card Purchase Rate Work?What Affects Your Credit Card Purchase Rate?How To Lower Your Credit Card Purchase RateHow To Find The Purchase Rate On Your Credit CardTips For Managing The Purchase Rate EffectivelyCommon Misconceptions About Purchase RatesFinal Thoughts Reading Time: 5 Min A purchase rate is the interest rate that applies to any new purchases you make using your credit card. This rate only applies if you carry a balance on your credit card. Not all purchase rates are the same and vary based on your circumstances and credit card provider.\u00a0In this article, we&hellip;<\/p>\n","category_list":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/creditcards\/\" rel=\"category tag\">Credit Cards<\/a>","author_info":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/admin\/"},"comments_num":"0 comments","featured_image_urls_v2":{"full":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-scaled.jpg",924,616,false],"thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-150x150.jpg",150,150,true],"medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-300x200.jpg",300,200,true],"medium_large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-768x512.jpg",750,500,true],"large":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-1024x683.jpg",750,500,true],"1536x1536":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-1536x1024.jpg",924,616,true],"2048x2048":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-2048x1365.jpg",924,616,true],"post-thumbnail":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-1568x1045.jpg",924,616,true],"post-image-medium":["https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-375x250.jpg",375,250,true]},"post_excerpt_stackable_v2":"<p>Table of Contents How Does A Credit Card Purchase Rate Work?What Affects Your Credit Card Purchase Rate?How To Lower Your Credit Card Purchase RateHow To Find The Purchase Rate On Your Credit CardTips For Managing The Purchase Rate EffectivelyCommon Misconceptions About Purchase RatesFinal Thoughts Reading Time: 5 Min A purchase rate is the interest rate that applies to any new purchases you make using your credit card. This rate only applies if you carry a balance on your credit card. Not all purchase rates are the same and vary based on your circumstances and credit card provider.\u00a0In this article, we&hellip;<\/p>\n","category_list_v2":"<a href=\"https:\/\/myratecompass.ca\/blog\/.\/creditcards\/\" rel=\"category tag\">Credit Cards<\/a>","author_info_v2":{"name":"Mohamed Konate","url":"https:\/\/myratecompass.ca\/blog\/author\/admin\/"},"comments_num_v2":"0 comments","jetpack_featured_media_url":"https:\/\/myratecompass.ca\/blog\/wp-content\/uploads\/2024\/02\/What-Is-The-Purchase-Rate-On-A-Credit-Card-scaled.jpg","_links":{"self":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/12836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/comments?post=12836"}],"version-history":[{"count":7,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/12836\/revisions"}],"predecessor-version":[{"id":12844,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/posts\/12836\/revisions\/12844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media\/12838"}],"wp:attachment":[{"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/media?parent=12836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/categories?post=12836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myratecompass.ca\/blog\/wp-json\/wp\/v2\/tags?post=12836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}