topic Chase Freedom Unlimited - Decent SL, Horrid APR in Credit Card Approvals

Chase Freedom Unlimited - Decent SL, Horrid APR

Crimsonglory — Mon, 21 Mar 2022 17:56:03 GMT

Hello all,

I figured I would shoot for another card after getting approved for 15K on the Amex BCP last week. Especially since this will likely be it for me as far as credit cards for a while (and my Cap One upgraded me from Venture One to Quicksilver as well). SL is 11.5K, but APR is 23.74%?? I feel like this APR is more for someone starting out, not someone in the high 700's low 800s range. Even the Amex put me at 13.99%. However, I'll take it as they gave me the approval via email today after giving me the "we may need more info" notice over the weekend.

Re: Chase Freedom Unlimited - Decent SL, Horrid APR

CYBERSAM — Mon, 21 Mar 2022 18:04:21 GMT

Congrats on your approval! 👍

As you know this is a reward card, so paying any interest would negate the purpose this card was intended for!

If you want low interest, try CUs that offer 8.5% or lower APR, but off course no rewards!

Moving forward int rates are going up! So don't be surprise to see 30%+ APR in near future...

Re: Chase Freedom Unlimited - Decent SL, Horrid APR

Elpadrino1 — Mon, 21 Mar 2022 18:05:24 GMT

Congratulations on your approval!!

Re: Chase Freedom Unlimited - Decent SL, Horrid APR

Crimsonglory — Mon, 21 Mar 2022 18:15:47 GMT

@CYBERSAM wrote:
Congrats on your approval! 👍

As you know this is a reward card, so paying any interest would negate the purpose this card was intended for!
If you want low interest, try CUs that offer 8.5% or lower APR, but off course no rewards!

Moving forward int rates are going up! So don't be surprise to see 30%+ APR in near future...

I figured as much, and since I have this, the Amex, the Cap One going to Quicksilver and a Discover cash back card, it seems redundant, I know. The only one carrying a balance is the Discover. I plan on putting small charges on each card (groceries, gas, etc.) depending on which is offering most at the time and paying within a few days of the charge to avoid interest.

Re: Chase Freedom Unlimited - Decent SL, Horrid APR

CreditAggie — Mon, 21 Mar 2022 18:16:12 GMT

Congratulations on your CFU approval!

Re: Chase Freedom Unlimited - Decent SL, Horrid APR

RSX — Mon, 21 Mar 2022 19:10:12 GMT

My 3 Chase cards have the highest APR, regardless of when i got them in my credit journey

Chase Plan is one option to avoid high interest if you are carrying a balance

otherwise, they are not meant to carry any balances

Re: Chase Freedom Unlimited - Decent SL, Horrid APR

babygirl1256 — Tue, 22 Mar 2022 04:10:17 GMT

Congrats on your Chase Freedom Unlimited approval.

Re: Chase Freedom Unlimited - Decent SL, Horrid APR

CreditMagic7 — Tue, 22 Mar 2022 04:32:32 GMT

Congratulations on your Chase Bank FU approval!!

Re: Chase Freedom Unlimited - Decent SL, Horrid APR

gdale6 — Tue, 22 Mar 2022 15:48:51 GMT

Chase is a bank that puts profits ahead of Fico score. Even I cannot get the best APRs out of this Bank with Ficos north of 800, refuse to carry a balance on it and deny them any interest income. Grats on your approval