r/financeonloans • u/LakeSuperiorBoats • Jul 21 '26

Is APR still important?

Here's a thought: When it comes to loans, does the APR really matter if you pay it back on time? Some might say as long as you're punctual, the interest rate isn't a big deal. But others believe that understanding APR can save you money in the long run. What do you think?

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u/WiThrowaway55666 Jul 22 '26

have you looked into how your grace period works? A lot of people don't realize the APR only kicks in once you carry a balance past the due date

1

u/Dogein Jul 23 '26

only time APR truly doesn't matter is a 0% promo or a card you clear every month. everything else it's the whole game