Established Member
Posts: 18
Registered: ‎06-08-2007

Credit card interest rates

My credit scores are in the high 600's to low 700's. I had high utilization of credit cards (a lot of credit card debt) and my credit card companies have increased my interest rates. I am paying over 18% on most of them. In the past month I have paid off most of my credit card debt. Credit reports of course have not been updated and so far I have been turned down for lower interest rates. I am hoping once the credit reports are updated, I can get lower rates. What interest rate is everyone else paying???
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007

Re: Credit card interest rates

Turned down by who? Your exisiting CCCs, or are you being declined for new cards?
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007

Re: Credit card interest rates

even with your good scores- we have seen APR's go into the 30's
Get your UTL down and updated to your reports  before you do anything.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+