Question about APR

[bluedog1]

What is considered a good APR? I have some decent limits but APRs in the 16-18% range. My lowest is 12% with Citi. Is it worth trying to get the rest of them lowered?

[ryanbush]

10% and lower is what I consider good, interest rates on rewards cards are typically going to be higher than non rewards cards.

[jakemod1]

+1 on a good APR being 10% or lower. What kind of cards do you have and how long have you had them? Do you PIF? If not, it definitely will not hurt you to call and ask for an APR reduction.

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@bluedog1 wrote:

What is considered a good APR? I have some decent limits but APRs in the 16-18% range. My lowest is 12% with Citi. Is it worth trying to get the rest of them lowered?

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[bluedog1]

All of my cards are rewards cards. I got them 1-2 years ago when my credit score was about 30 points lower (720ish). I do PIF, just wondering if it's something that gets reported along with CLs and such.

[boomhower]

Your APR doesn't get reported to the CRA's.  If you want a low APR card look into a CU, they can be in the 8.5% range.  Barclay Ring is also 8.5%.

[bettercreditguy1]

Straight credit cards will get you the lowest apr. Cash rewards cards are always higher as the cc companies must make money to pay the rewards.

[FinStar]

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@bettercreditguy1 wrote:

Straight credit cards will get you the lowest apr. Cash rewards cards are always higher as the cc companies must make money to pay the rewards.

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+1

You will seldomly find any large lending institution with a rewards card program with a competitive APR similar to a community bank or credit union offering.

[09Lexie]

I agree with the other posters. When I was approved at my CU, I was offered the platinum or rewards Visa. The difference was APR of 9.50 vs 12.50. Since I have other rewards cards with better benefits it was a no brainer for me.

[youngandcreditwrthy]

Capital One is my best APR at 13.99%

Had 5.99 before The Great Recession
And still have 9.24% on a closed Slate. It's hard to even get anything <20% range for me :-/ ugh

[enharu]

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@bluedog1 wrote:

What is considered a good APR? I have some decent limits but APRs in the 16-18% range. My lowest is 12% with Citi. Is it worth trying to get the rest of them lowered?

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there's usually a range APR for best to worst credit for that specific card, which you can find on that card website. Some cards have fixed APR for everyone who use that card (CSP is like this, I think).

You can definitely call to request your APR be lowered, but be warned sometimes they will do a hard pull for this.