nfcu lowest apr says 7.99

[ShiningDown]

Is 7.99 the lowest apr anyone can get from nfcu or is that already including the prime rate.  If I got 7.74 plus prime =10.99 then the lowest should be 7.99, seems like they mean 7.99 with prime rate  added already?  My oldest son wants to apply and I was curious about apr.  

[score_building]

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@ShiningDown wrote:

Is 7.99 the lowest apr anyone can get from nfcu or is that already including the prime rate.  If I got 7.74 plus prime =10.99 then the lowest should be 7.99, seems like they mean 7.99 with prime rate  added already?  My oldest son wants to apply and I was curious about apr.  

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Yes, the lowest rate on the NFCU Visa/MC Platinum is 7.99 (X+Prime=7.99) 

Have you requested an APRD yet...are eligible for APRD review once in 12 month period, if interested send a secure msg online or call, can get an instant yes, no or gone to review response.

[MamboItaliano]

Pretty sure that's 7.99 + prime (I'm going to go look)

I don't even know where my terms are anymore. 

[HiLine]

If the APR is fixed at 7.99, that means it does not depend on the Prime Rate.

[score_building]

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@MamboItaliano wrote:

Pretty sure that's 7.99 + prime (I'm going to go look)

I don't even know where my terms are anymore. 

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X+Prime = 7.99 for the NFCU Platinum Visa/MC, for those who qualify

https://www.navyfederal.org/products-services/cards/creditcards/creditcard-rates.php

[score_building]

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@HiLine wrote:

If the APR is fixed at 7.99, that means it does not depend on the Prime Rate.

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Correct, very few cc products are fixed rate these days, one that comes to mind IIRC is the PSECU Visa.

[HiLine]

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@score_building wrote:

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@MamboItaliano wrote:

Pretty sure that's 7.99 + prime (I'm going to go look)

I don't even know where my terms are anymore. 

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X+Prime = 7.99 for the NFCU Platinum Visa, for those who qualify

https://www.navyfederal.org/products-services/cards/creditcards/creditcard-rates.php

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Thanks for the link. The way I read it, 7.99% is the minimum rate. The actual rate varies depending on the Prime Rate. 

[score_building]

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@HiLine wrote:

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@score_building wrote:

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@MamboItaliano wrote:

Pretty sure that's 7.99 + prime (I'm going to go look)

I don't even know where my terms are anymore. 

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X+Prime = 7.99 for the NFCU Platinum Visa, for those who qualify

https://www.navyfederal.org/products-services/cards/creditcards/creditcard-rates.php

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Thanks for the link. The way I read it, 7.99% is the minimum rate. The actual rate varies depending on the Prime Rate. 

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Based on current prime rate which is 3.25.

[HiLine]

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@score_building wrote:

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@HiLine wrote:

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@score_building wrote:

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@MamboItaliano wrote:

Pretty sure that's 7.99 + prime (I'm going to go look)

I don't even know where my terms are anymore. 

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X+Prime = 7.99 for the NFCU Platinum Visa, for those who qualify

https://www.navyfederal.org/products-services/cards/creditcards/creditcard-rates.php

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Thanks for the link. The way I read it, 7.99% is the minimum rate. The actual rate varies depending on the Prime Rate. 

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Exactly, current prime rate is 3.25.

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That low? My credit cards are charging me 5 times as much!