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!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.