What is the standard purchase interest?

Standard purchase interest is simply the annual interest rate (APR) on your credit card.

You can check your standard purchase interest by contacting your credit card provider and if you want to know how your standard purchase interest works out to be your monthly interest charge on your credit card then simply divide your standard purchase interest by 12 or contact the credit card provider.

John Bate

John has 22 years of experience in financial services. This spans across financial research, financial services (As a qualified mortgage broker and underwriter), financial trading and sales at global investment banks. While working as a publishing research analyst, he covered European bank credit and advised institutional clients on investment strategies at both JP Morgan and Societe Generale. John has passed all three levels of the CFA (Chartered Financial Analyst) programme.