topic Re: What is your lowest and highest CC APR? in Credit Cards

What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 05:27:55 GMT

Lowest is Patelco Credit Union Visa @ 10.15%

Highest is Barclaycard MC Rewards @ 24.99%(YIKES!)

Re: What is your lowest and highest CC APR?

lg8302ch — Sun, 10 May 2015 05:32:18 GMT

Lowest is BofA with 9,99% on TR and BBR

Highest is Chase with 22,99% on Freedom

Re: What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 05:37:53 GMT

@lg8302ch wrote:
Lowest is BofA with 9,99% on TR and BBR
Highest is Chase with 22,99% on Freedom

Nice low APRs! Would you mind sharing your FICO score when approved for Chase Freedom?

Actually I scrolled over your cards and credit bureaus. That's a very cool feature! I don't understand that high APR with your excellent scores!

Re: What is your lowest and highest CC APR?

Man-Of-Steel — Sun, 10 May 2015 05:47:24 GMT

Lowest: Capital One Venture - 12.9%

Highest: Discover it - 22.99%

Re: What is your lowest and highest CC APR?

lg8302ch — Sun, 10 May 2015 05:50:15 GMT

@skorpyo3 wrote:
@lg8302ch wrote:
Lowest is BofA with 9,99% on TR and BBR
Highest is Chase with 22,99% on Freedom
Nice low APRs! Would you mind sharing your FICO score when approved for Chase Freedom?
Actually I scrolled over your cards and credit bureaus. That's a very cool feature! I don't understand that high APR with your excellent scores!

Thanks. My EQ Fico was 790 and EX 806 when I applied for Freedom but the internal application score was 673 only for Chase. The reason was my one and only app spree ..Freedom was the last card in series (card #4 out of total of 6 cards) and this was the explanation I got from Chase for receiving not the best terms: "too many new accounts compared to total number of accounts" I have to admit a valid point Lesson learnt for me and no further sprees. Adding cards slowly got me better terms again afterwards.

Re: What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 05:51:18 GMT

@Man-Of-Steel wrote:
Lowest: Capital One Venture - 12.9%
Highest: Discover it - 22.99%

I just don't understand why you guys have such high APRs with great FICO scores. Is it utilization? Always thought APR was based mainly on FICO at time of app.

Re: What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 05:53:11 GMT

@lg8302ch wrote:
@skorpyo3 wrote:
@lg8302ch wrote:
Lowest is BofA with 9,99% on TR and BBR
Highest is Chase with 22,99% on Freedom
Nice low APRs! Would you mind sharing your FICO score when approved for Chase Freedom?
Actually I scrolled over your cards and credit bureaus. That's a very cool feature! I don't understand that high APR with your excellent scores!
Thanks. My EQ Fico was 790 and EX 806 when I applied for Freedom but the internal application score was 673 only for Chase. The reason was my one and only app spree ..Freedom was the last card in series (card #4 out of total of 6 cards) and this was the explanation I got from Chase for receiving not the best terms: "too many new accounts compared to total number of accounts" I have to admit a valid point Lesson learnt for me and no further sprees. Adding cards slowly got me better terms again afterwards.

Thanks! This is very good info for my exciting FICO high achiever future!

Re: What is your lowest and highest CC APR?

Man-Of-Steel — Sun, 10 May 2015 05:55:30 GMT

@skorpyo3 wrote:
@Man-Of-Steel wrote:
Lowest: Capital One Venture - 12.9%
Highest: Discover it - 22.99%
I just don't understand why you guys have such high APRs with great FICO scores. Is it utilization? Always thought APR was based mainly on FICO at time of app.

I applied for the Discover it card back in May of 2013 and I had several old baddies on my report at the time. Per Discover, my EQ score was 671 at the time.

Re: What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 05:57:28 GMT

@Man-Of-Steel wrote:
@skorpyo3 wrote:
@Man-Of-Steel wrote:
Lowest: Capital One Venture - 12.9%
Highest: Discover it - 22.99%
I just don't understand why you guys have such high APRs with great FICO scores. Is it utilization? Always thought APR was based mainly on FICO at time of app.
I applied for the Discover it card back in May of 2013 and I had several old baddies on my report at the time. Per Discover, my EQ score was 671 at the time.

Oh thanks! That makes sense. It really doesn't matter too much if we PIF, right? Still, I like to be rewarded, and a lower APR always feels good. Have you tried to lower?

Re: What is your lowest and highest CC APR?

Man-Of-Steel — Sun, 10 May 2015 06:00:54 GMT

@skorpyo3 wrote:
@Man-Of-Steel wrote:
@skorpyo3 wrote:
@Man-Of-Steel wrote:
Lowest: Capital One Venture - 12.9%
Highest: Discover it - 22.99%
I just don't understand why you guys have such high APRs with great FICO scores. Is it utilization? Always thought APR was based mainly on FICO at time of app.
I applied for the Discover it card back in May of 2013 and I had several old baddies on my report at the time. Per Discover, my EQ score was 671 at the time.
Oh thanks! That makes sense. It really doesn't matter too much if we PIF, right? Still, I like to be rewarded, and a lower APR always feels good. Have you tried to lower?

You're welcome. I always pay in full now and haven't really given much thought to trying to get it lowered. If it's something that can be done with minimal hassle (such as via chat or something), I may consider it.

Re: What is your lowest and highest CC APR?

Sharingan — Sun, 10 May 2015 06:03:40 GMT

Lowest: Citi Double Cash (12.99%)

Highest: JCP MasterCard Platinum (26.99%) Not really sure why I still have this card... Their stores are almost as depressing to shop in as Sears's. 2nd credit card I got when I turned 18 several years ago.

Re: What is your lowest and highest CC APR?

lg8302ch — Sun, 10 May 2015 06:07:25 GMT

@skorpyo3 wrote:
@Man-Of-Steel wrote:
Lowest: Capital One Venture - 12.9%
Highest: Discover it - 22.99%
I just don't understand why you guys have such high APRs with great FICO scores. Is it utilization? Always thought APR was based mainly on FICO at time of app.

@ Scores are only 1 part a lender looks at. The overall credit picture is more important. Risky behavior like a ton of apps even with high scores still might get you approved but then the terms could be less than ideal. I think with a strong profile my app spree of 4 accounts could have taken it with Chase easily but I had only two accounts when I did my spree and this is risky behavior adding that many new accounts to a very thin profile. For any other lender than Chase there is ways to get the APR down later on. So that Discover @Anonymous,99% can be worked down every 6 months ...just not with Chase their terms remain for life of the card.. ha ha.. so I have my souvenir of my app spree and smile at the lovely 22,99% now.

Re: What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 06:11:55 GMT

LOL! True that! Gotta love those $10 JCP Rewards and ridiculously low sale prices though! I don't see how they turn a profit. :/

@Sharingan wrote:
Lowest: Citi Double Cash (12.99%)

Highest: JCP MasterCard Platinum (26.99%) Not really sure why I still have this card... Their stores are almost as depressing to shop in as Sears's. 2nd credit card I got when I turned 18 several years ago.

Re: What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 06:13:46 GMT

HAHA! Chase is a hard nut to crack!

@lg8302ch wrote:
@skorpyo3 wrote:
@Man-Of-Steel wrote:
Lowest: Capital One Venture - 12.9%
Highest: Discover it - 22.99%
I just don't understand why you guys have such high APRs with great FICO scores. Is it utilization? Always thought APR was based mainly on FICO at time of app.
@ Scores are only 1 part a lender looks at. The overall credit picture is more important. Risky behavior like a ton of apps even with high scores still might get you approved but then the terms could be less than ideal. I think with a strong profile my app spree of 4 accounts could have taken it with Chase easily but I had only two accounts when I did my spree and this is risky behavior adding that many new accounts to a very thin profile. For any other lender than Chase there is ways to get the APR down later on. So that Discover @Anonymous,99% can be worked down every 6 months ...just not with Chase their terms remain for life of the card.. ha ha.. so I have my souvenir of my app spree and smile at the lovely 22,99% now.

Re: What is your lowest and highest CC APR?

lg8302ch — Sun, 10 May 2015 06:31:53 GMT

@skorpyo3 wrote:
HAHA! Chase is a hard nut to crack!

So true .. and the good part is that it reminds me for life of my spree and keeps me from doing it again. Having this APR in front of my eyes will remind me to garden between cards and stay away from future sprees...lol

Re: What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 06:46:03 GMT

That was the sole reason Chase declined me last month. My BK had no bearing! Maybe they were put here on earth to teach us a lesson! I felt like a young school boy being hit with a paddle. Not sure I'll want them in the future. Read that CLI and lowering APR are very difficult. I think AMEX would be more flexible. Just my honest opinion.

@lg8302ch wrote:

@skorpyo3 wrote:

HAHA! Chase is a hard nut to crack!

So true .. and the good part is that it reminds me for life of my spree and keeps me from doing it again. Having this APR in front of my eyes will remind me to garden between cards and stay away from future sprees...lol

Re: What is your lowest and highest CC APR?

JagerBombs89 — Sun, 10 May 2015 06:50:58 GMT

Lowest: 10.24%

Highest: 14.24%

Re: What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 06:57:38 GMT

@JagerBombs89 wrote:
Lowest: 10.24%
Highest: 14.24%

Pretty good! I'd be happy with that!

Re: What is your lowest and highest CC APR?

Kostya1992 — Sun, 10 May 2015 07:11:44 GMT

CITI & Barclays both at 13.99

Re: What is your lowest and highest CC APR?

skorpyo3 — Sun, 10 May 2015 07:19:38 GMT

@Kostya1992 wrote:
CITI & Barclays both at 13.99

Nice!