Looking for a payday advance loan? The APR is a measure of the cost of credit, expressed as a yearly interest rate. Check out the "periodic rate," too. That's the rate the issuer applies to your outstanding balance to figure the finance charge for each billing period. If the card offers a very low introductory rate, find out what the rate will be after the initial period. Ask about other limitations on the initial rate. For example, is it only for balance transfers, and not regular purchases? Be aware that some companies have high penalty rates. For example, if you're late paying your bill, your rate may increase significantly. Ask when the company may apply a penalty rate to your account.

Compare different loan packages and you will see that loan packages are not all alike. Some are much better than others.