Credit Cards

[sasysuz]

I read on the Suze Website that your CC interest rates are based on your FICO Score.  So how do you determine what your CC rates should be and if your CC companies are overcharging you?

My FICO score has gone up up up and I'm still paying high rates even though I've asked the company's numerous times to lower them based on my good credit?

[Creditaddict]

If your scores are considerably higher now and you have old accounts that you got when you had bad credit... simply apply for new cards with better companies.  Graduate out of Orchard, household, first premier, etc.

Get Hooters, wamu, amex, capital one

[fused]

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sasysuz wrote:

I read on the Suze Website that your CC interest rates are based on your FICO Score.  So how do you determine what your CC rates should be and if your CC companies are overcharging you?

My FICO score has gone up up up and I'm still paying high rates even though I've asked the company's numerous times to lower them based on my good credit?

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Not all CCCs are registered FICO lenders. Some CCCs such as FIA/BOA and Amex use FICO scores but it's just one part of the underwriting process. They use their own internal scoring models along with a whole host of other information: income, payment history, revolving history scoring and etc. The revolving history scoring is tantamount to saying how much can we make of this sucker.

What are your FICO scores? Which CCs do you have, CLs, Balances, APRs, and when were they opened? Maybe I can offer up some advice on how to get your way.

[SmartCookie]

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sasysuz wrote:

I read on the Suze Website that your CC interest rates are based on your FICO Score.  So how do you determine what your CC rates should be and if your CC companies are overcharging you?

My FICO score has gone up up up and I'm still paying high rates even though I've asked the company's numerous times to lower them based on my good credit?

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They don't respond well when asked for rewards.  They do respond to customer retention if they think you're going to leave them.

Try telling them that you are getting 0 balance transfer offers with better APR after the intro from other cards,  but before you close your card you'd like to see what they can do for you.

Don't close your card though.

[smallfry]

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Creditaddict wrote:

If your scores are considerably higher now and you have old accounts that you got when you had bad credit... simply apply for new cards with better companies. Graduate out of Orchard, household, first premier, etc.

Get Hooters, wamu, amex, capital one

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AMEX but the others are subprime with the exception of some Capital One cards.