topic Re: Fixed Rate Credit Cards in Credit Cards

Fixed Rate Credit Cards

techiegirl — Mon, 29 Dec 2014 00:20:44 GMT

I have a 9.9% B of A cc that was and has been fixed for the past 14 years. Are there any other fixed rate cards out there?

What fixed rate cards do you have?

Re: Fixed Rate Credit Cards

coldnmn — Mon, 29 Dec 2014 00:22:22 GMT

Barclay Ring 8%

Re: Fixed Rate Credit Cards

CreditCuriosity — Mon, 29 Dec 2014 00:33:13 GMT

When you say fix rate is it 8%+Prime or 8%?

Re: Fixed Rate Credit Cards

jsucool76 — Mon, 29 Dec 2014 00:51:08 GMT

@CreditCuriousity wrote:
When you say fix rate is it 8%+Prime or 8%?

Fixed rate means it is pretty much free from the primate rate. So 8% is 8%. Whether the prime rate goes up or down it stays at 8%. So technically, the card should just be 8%, though, i may be mistaken. I have been before

Re: Fixed Rate Credit Cards

techiegirl — Mon, 29 Dec 2014 00:52:34 GMT

I thought Ring is 8% variable?

Re: Fixed Rate Credit Cards

jsucool76 — Mon, 29 Dec 2014 00:53:32 GMT

@techiegirl wrote:
I thought Ring is 8% variable?

The ring is variable.

The current prime rate is 3.25%, so the ring is the prime rate +4.75%

Re: Fixed Rate Credit Cards

coldnmn — Mon, 29 Dec 2014 01:04:10 GMT

@jsucool76 wrote:
@techiegirl wrote:
I thought Ring is 8% variable?
The ring is variable.

The current prime rate is 3.25%, so the ring is the prime rate +4.75%

Plus no balance transfer fee.

Re: Fixed Rate Credit Cards

CreditCuriosity — Mon, 29 Dec 2014 01:05:08 GMT

Interesting...Might of learned something. My day wasn't a waste afterall. Thanks

Re: Fixed Rate Credit Cards

jsucool76 — Mon, 29 Dec 2014 01:06:24 GMT

@coldnmn wrote:
@jsucool76 wrote:
@techiegirl wrote:
I thought Ring is 8% variable?
The ring is variable.

The current prime rate is 3.25%, so the ring is the prime rate +4.75%
Plus no balance transfer fee.

And a 1$ cash advance fee. Fantastic for emergencies. Though I carry around my walmart card in case I ever need cash. There's walmarts everywhere

Re: Fixed Rate Credit Cards

CreditCuriosity — Mon, 29 Dec 2014 01:09:27 GMT

@jsucool76 wrote:
@coldnmn wrote:
@jsucool76 wrote:
@techiegirl wrote:
I thought Ring is 8% variable?
The ring is variable.

The current prime rate is 3.25%, so the ring is the prime rate +4.75%
Plus no balance transfer fee.
And a 1$ cash advance fee. Fantastic for emergencies. Though I carry around my walmart card in case I ever need cash. There's walmarts everywhere

Welll $1 plus the 8% correct if you were to carry a balance on the cash advance?

Re: Fixed Rate Credit Cards

baller4life — Mon, 29 Dec 2014 01:09:36 GMT

The Ring is an awesome card!!!

Re: Fixed Rate Credit Cards

jsucool76 — Mon, 29 Dec 2014 01:11:04 GMT

@CreditCuriousity wrote:
@jsucool76 wrote:
@coldnmn wrote:
@jsucool76 wrote:
@techiegirl wrote:
I thought Ring is 8% variable?
The ring is variable.

The current prime rate is 3.25%, so the ring is the prime rate +4.75%
Plus no balance transfer fee.
And a 1$ cash advance fee. Fantastic for emergencies. Though I carry around my walmart card in case I ever need cash. There's walmarts everywhere
Welll $1 plus the 8% correct if you were to carry a balance on the cash advance?

Yes. But 8% is pretty low and in an emergency I'd say its a far better option than a ridiculous BT fee ontop of a ridiculous APR.

Re: Fixed Rate Credit Cards

Anonymous — Mon, 29 Dec 2014 01:50:05 GMT

Gee. I want a Ring now.

Re: Fixed Rate Credit Cards

CreditCuriosity — Mon, 29 Dec 2014 01:52:50 GMT

Ya honestly I didn't know it has 1$ cash advance fee and 8% fixed... That is pretty damn nice if ever needed...Those are some nice benefits.

Re: Fixed Rate Credit Cards

baller4life — Mon, 29 Dec 2014 02:01:31 GMT

Everyone should have a Ring in their portfolio. By this time next year I plan to have it be my only Barclays card and with a fat 5 digit limit. Nice solid card to have with great features.

Re: Fixed Rate Credit Cards

Christina_xyt — Mon, 29 Dec 2014 05:43:42 GMT

Does fidelity Amex counts fixed rate card? For everyone it's 13.99%?

Re: Fixed Rate Credit Cards

Anonymous — Mon, 29 Dec 2014 05:50:47 GMT

No.

Re: Fixed Rate Credit Cards

FinStar — Mon, 29 Dec 2014 05:59:31 GMT

@Christina_xyt wrote:
Does fidelity Amex counts fixed rate card? For everyone it's 13.99%?

No, it's not fixed - it is a variable rate (check your T&C). My APR is 8.9% (variable) due to BofA/FIA/Merrill relationship. The days of fixed rates for most CC products have gone out the window since the Credit Card Act reform from 2009. Most CCs are under variable APRs.

Re: Fixed Rate Credit Cards

galahad15 — Sat, 11 Apr 2015 22:53:44 GMT

@techiegirl wrote:
I have a 9.9% B of A cc that was and has been fixed for the past 14 years. Are there any other fixed rate cards out there?

What fixed rate cards do you have?

I also have a fixed rate BoA card at 9.99%, have had since 2007. It is the last remaining, open fixed-rate card I have... *wistful sigh, missing the days of when fixed-rate cards were more prevalent*

Re: Fixed Rate Credit Cards

gdale6 — Sat, 11 Apr 2015 23:41:13 GMT

Look to CUs for fixed rate cards, at a bank you can pretty much forget it.