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Louis
Posts: 2
Registered: ‎07-24-2007
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Does APR influence FICO score? (Subprime/Prime question perhaps)

Hi, I read in the FICO score forum that a subprime credit card impacts a FICO score differently than a prime credit card. Since one of the big differences between these two types of credit cards is the APR I'm wondering if the APR on a credit card impacts one's FICO score. Does anyone know if it does? (If it did it would seem to create an unfair tautology.) My practical concern is that I just noticed that my APR is around 18% for a credit card that I use daily. Since I pay in full before the end of the grace period, I really have no practical concern about the APR unless it impacts my FICO score. Thanks! -L.
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FICO_Focused
Posts: 905
Registered: ‎05-09-2007
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Re: Does APR influence FICO score? (Subprime/Prime question perhaps)



Louis wrote:
Hi, I read in the FICO score forum that a subprime credit card impacts a FICO score differently than a prime credit card. Since one of the big differences between these two types of credit cards is the APR I'm wondering if the APR on a credit card impacts one's FICO score. Does anyone know if it does? (If it did it would seem to create an unfair tautology.) My practical concern is that I just noticed that my APR is around 18% for a credit card that I use daily. Since I pay in full before the end of the grace period, I really have no practical concern about the APR unless it impacts my FICO score. Thanks! -L.

APR is not mentioned on CRs... :smileywink:
 
Rob
Established Contributor
Posts: 739
Registered: ‎06-30-2007
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Re: Does APR influence FICO score? (Subprime/Prime question perhaps)

No, but your Score could afftect your APR:smileywink:
People say "Only apply for credit you NEED"

I say "apply for credit you have PRATICAL use of"

I don't have AMEX card because I don't want a card that suffers from PMS
Established Contributor
FICO_Focused
Posts: 905
Registered: ‎05-09-2007
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Re: Does APR influence FICO score? (Subprime/Prime question perhaps)



rbbyrbsn wrote:
No, but your Score could afftect your APR:smileywink:


Great point. :smileyvery-happy:
 
Rob
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Louis
Posts: 2
Registered: ‎07-24-2007
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Re: Does APR influence FICO score? (Subprime/Prime question perhaps)

That's a good point that the APR is not mentioned in the CR. Silly me. Thanks!

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