Are Credit Card APR% only related to FICO scores??

[MidnightJester]

Are the offers on our Credit Card APR% with each card or bank only related to what scores they pull from the CRA?? During both inital application process??and futher APR% reductions when asked by Credit card account holder??

[Revelate]

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@MidnightJester wrote:

Are the offers on our Credit Card APR% with each card or bank only related to what scores they pull from the CRA?? During both inital application process??and futher APR% reductions when asked by Credit card account holder??

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No, it's the same mix of varied underwriting criteria that's used to sort people into various tranches in the application process.  

A FICO score no matter how important is just one small piece of the entire decision tree.

[NikoD]

Barclays gave me their highest APR (22.99%) when I got my Sallie Mae card recently. My TU 08 is 828. So no, FICO isn't everything. In my case, even though I have an excellent score with a long credit history and no baddies; Barclays didn't like that I only had 2 other open TLs (even though both had been open since the 1990s). BTW, YMMV Amex gave me their best terms even though the profile was exactly the same.

[watch44]

I keep reading that Barclay's starts people at the highest APR regardless of score, kind of like CapitalOne...? Makes sense tho if you believe their auto-CLI algorithms favor balance carrying.

[B335is]

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@watch44 wrote:
I keep reading that Barclay's starts people at the highest APR regardless of score, kind of like CapitalOne...? Makes sense tho if you believe their auto-CLI algorithms favor balance carrying.

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Not the case for me. I got the Arrival with 14.99% in November.