I don't see where the rates have anything to do with your scores. Rates are not listed on your CR so there's no way to factor them into a score. And 5 secured cards is way too many.
July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge
Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
June 2017 update: All scores over 820, just pure gardening now.
@ctaylor09 wrote:I was watching Suze Orman a few weeks ago and she suggested to a woman with really bad credit to get 5 secured cards with 10% or less interest rates. (1) Is there a benefit to having multiple secured cards? (2) I have been researching secured cards and have never seen one with a less than 10% interest rate......know of any?
Orman's about as trustworthy as a politician. It wouldn't suprise me if she gets a kick back from the companies that offer secured cards. Just my $.02.
Starting Score: 580