Credit Card Center Advertiser Disclosure†
04-11-2011 10:38 AM
Have you used variable interest rate credit cards? Was your experience good or bad?
Creditcards.com is working on a story detailing experiences consumers have had when using variable interest rate credit cards.
If you’d like to speak with Creditcards.com, please feel free to reach out to reporter Cynthia Drake at firstname.lastname@example.org by Thursday, April 14, 2011.
04-11-2011 03:31 PM
My experience is I haven't really noticed them change all the time. Yet again I dont like paying interest. Furthermore, I do have a fixed rate credit card that I am starting to use more just incase I did have to revolve.
04-13-2011 05:16 AM
What exactly is a variable interest rate? When the rate changes slightly each month? My Capital One Platinum Prestige card is like that. Last month was it's 7.91% and this month 7.67%. It never goes above 8% and I love the rate.
04-15-2011 10:51 AM
If you replied to this thread, I sent you a PM. Anyone else who has experience with a variable rate card is encouraged to send me an e-mail at email@example.com ASAP.
04-15-2011 01:18 PM
Majority of credit cards are variable interest rate they are all based on prime rate (3.35) or Libor rate (don't know what it is now) unles you get on the card agreement that it will be fixed. Sometimes they have promotional rates that they can give out and those are fixed. There still some credit card companies offering fixed rates out there.
04-18-2011 08:34 AM
Still looking for people who can explain their personal experience with their variable interest rate card ... for example, if you experienced a rate hike. Please e-mail me TODAY at firstname.lastname@example.org
Thanks so much!