Your annual percent rate (APR) is the cost you pay for borrowing money from the credit-giving entity (bank or any other organisation). It is calculated annually and usually is low for those individuals who have a good credit score and vice-versa.

Yes, there are a few ways in which you can lower your annual percent rate (APR):

1. Maintain a good credit score- An individual who maintains a good credit score give banks the reassurance of being a disciplined borrower, and hence, you stand to get a credit card with a low APR.

2. Payment behaviour – An individual who repays his/her bills time to time, doesn’t pay minimum payments only and doesn’t default on payments is likely to get a credit card with a lower APR.