Score # needed for best rates on CC?

[minski]

---

@kdm31091 wrote:

As with everything it's not just about score. APR is assigned based on your percieved risk level. For example, you can have a high score, but many new accounts. In this situation you can be percieved as a risk and get a higher APR.

Generally speaking of course higher score will get a lower APR, but it's not that simple, and there's no cutoff number to say x score gets y APR.

---

This. 

My FICO 08 EX was about 760+ when I applied for the Citi DC in January. They gave me 19.24% APR. I'd been banking with them for almost 15 years and had perfect payments on all of my cards, including my 12-year-old Citi Dividend (APR 18.24%) and my 5-year-old Citi Forward (APR 13.24%). But I'd also opened 5 new accounts in the past 2 years (2 in Apr 2014, 2 in May 2014, 1 in Sept 2014). 

On the other hand, I also got approved for the Barclay Ring (APR 8.25%) on the same day...

[gdale6]

It is lender specific there is no set score. With Synchrony a 778 was not suffficient to obtain the cheapest interest rate. With BoA a 772 was not sufficient to get their lowest rate.

[sarge12]

If you want a low interest credit card you should check out a non-rewards card from a credit union! Reward cards generally have a higher APR. They have to in order to cover the cost of the rewards. The scores required vary by lender, but 750+ should certainly be a high enough score. Keep in mind though lenders usually do not go by score alone. DTI is not figured in your credit score at all, but if you have an 800+ credit score, but have a 70% DTI ratio you might be declined for even a high interest card.

[sarge12]

---

@gdale6 wrote:

It is lender specific there is no set score. With Synchrony a 778 was not suffficient to obtain the cheapest interest rate. With BoA a 772 was not sufficient to get their lowest rate.

---

Those two scores should have been high enough. I suspect it was something else such as DTI or length of time employed that prevented the lowest rate.

[sarge12]

To anyone seeking a lower interest on credit cards...I think I can help you!!! Rachel calls me at least 3 times every week to say This is a very important message about your current credit card accounts. This is your second and final notice to lower your credit card interest rate and payments. If you will pm me your phone number I'll be happy to give her your info. You can thank me later!

[Anonymous]

I don't even know the APR on any of my cards, nor do I care, as I never leave a balance on any of them.

[longtimelurker]

---

@sarge12 wrote:

To anyone seeking a lower interest on credit cards...I think I can help you!!! Rachel calls me at least 3 times every week to say This is a very important message about your current credit card accounts. This is your second and final notice to lower your credit card interest rate and payments. If you will pm me your phone number I'll be happy to give her your info. You can thank me later!

---

Yes, I keep meaning to call her, but too busy responding to robocalls saying that the IRS is bringing criminal charges against me and I need to call this number NOW so they can help me

[sarge12]

Yes the IRS guys, I do have a problem with....they swore they were sending the sheriff out to get me and he never showed...caused me to clean the shotgun for nothing!!! That is just wrong!