Best Buy Card

[crmartin0279]

Does anyone know if the app for the Best Buy card will give the actual APR if there is any pre-approval? 

When doing the app it gives me 28.51% instead of the normal 18.9% - 30.9%/

[CreditCuriosity]

Best buy CC only has pm;y one APR and it is in the high 20's or low 30's now.  There isn't a range.  It is take  it or leave it it also increasing with FED rate hikes.

[crmartin0279]

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@CreditCuriosity wrote:

Best buy CC only has pm;y one APR and it is in the high 20's or low 30's now.  There isn't a range.  It is take  it or leave it it also increasing with FED rate hikes.

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Thanks for the Info!!!

[wingennis]

I got an unsolicited pre-approval via email.  I clicked the terms and conditions and it took me to a page that listed 30.29% interest.  Delete.

[BronzeTrader]

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@wingennis wrote:

I got an unsolicited pre-approval via email.  I clicked the terms and conditions and it took me to a page that listed 30.29% interest.  Delete.

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So US Congress still allows banks to charge us 30%+ interest rate?

And those are Citi, BofA and Wells Fargo, nation's largest consumer banks.

[CreditCuriosity]

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@BronzeTrader wrote:

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@wingennis wrote:

I got an unsolicited pre-approval via email.  I clicked the terms and conditions and it took me to a page that listed 30.29% interest.  Delete.

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So US Congress still allows banks to charge us 30%+ interest rate?

And those are Citi, BofA and Wells Fargo, nation's largest consumer banks.

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Banks got to make profits..  As feds raise rates this has to be passed on.  Imagine if anywhere back in the early 80's back in Carter/Reagen days that rate would likely be around 40%.  Most prime rewards cards are into the 20%'s now and likely as you know store cards are always higher due to various factors.  Without getting policitcal gov't should have no business in individual lending decisions.  Heck payday loan shops are way higher and consumers have that choice.  With that said tons was taken care of during 2009 card act

[Zoostation1]

I've got the highest rates offered on my cards.  27.24%, (Discover Chrome) 29.49% (BCP), 29.74% (SavorOne), and 31.24%.(VentureOne).  Given that I'm rebuilding it's to be expected, but thankfully I've not paid any interest since getting back into the credit game.  That being said, I just received an offer for the Avant Card in my mailbox today and while I PIF, I still can't bring myself to apply for it when it has a 34.25% APR for a 1% rewards card.

[wingennis]

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@Zoostation1 wrote:

I've got the highest rates offered on my cards.  27.24%, (Discover Chrome) 29.49% (BCP), 29.74% (SavorOne), and 31.24%.(VentureOne).  Given that I'm rebuilding it's to be expected, but thankfully I've not paid any interest since getting back into the credit game.  That being said, I just received an offer for the Avant Card in my mailbox today and while I PIF, I still can't bring myself to apply for it when it has a 34.25% APR for a 1% rewards card.

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Sounds like excellent gardening motivation to me😎