What is the interest rate for the unpaid balance during the billing cycle?

The interest rate for the unpaid balance during the billing cycle is known as the Annual Percentage Rate (APR). The APR represents the cost of borrowing on your credit card and is expressed as a yearly interest rate.

If you carry a balance from one billing cycle to the next by not paying your credit card bill in full, the unpaid balance will begin to accrue interest charges based on the APR. The interest charges are typically calculated on a daily or monthly basis, depending on the credit card issuer's policy.

The specific interest rate (APR) for your credit card can vary depending on several factors, including your creditworthiness, the type of credit card, and the credit card issuer's terms and conditions. It's important to review the terms and conditions of your credit card agreement or contact your credit card issuer directly to determine the exact interest rate that applies to your unpaid balance.

It's worth noting that some credit cards offer an introductory 0% APR for a specified period, often for balance transfers or new purchases. However, once the introductory period ends, the regular APR will apply to any remaining unpaid balance.