topic Re: Whats Lowest Regular APR you can get on a card in Credit Cards

Whats Lowest Regular APR you can get on a card

Anonymous — Wed, 04 Mar 2020 17:31:22 GMT

Whats Lowest Regular APR you can get on a card

Re: Whats Lowest Regular APR you can get on a card

Anonymous — Wed, 04 Mar 2020 17:49:17 GMT

0% from Decatur Earthmover CU.

Some CUs offer variable rates that are fixed to the prime rate. Like Space Age FCU has a card with a 4.75% interest rate.

Bank cards generally bottom out around 9% give or take unless you're talking about special offerings like FNBO's prime card that had prime for interest and a $49 AF.

Re: Whats Lowest Regular APR you can get on a card

issac2x — Wed, 04 Mar 2020 17:48:47 GMT

BEFCU visa platinum at 4.99% APR. Have to be a member of their affiliated companies or have family that is though.

Re: Whats Lowest Regular APR you can get on a card

pinkandgrey — Wed, 04 Mar 2020 18:10:29 GMT

I don't know what the absolute lowest would be (other than zero, of course), but many CUs offer as low as 5-7% to their best customers. You're pretty unlikely to see rates anywhere near that low with a major bank card.

Re: Whats Lowest Regular APR you can get on a card

soxfaininfl — Wed, 04 Mar 2020 18:24:34 GMT

Credit unions consistently seem to offer the lowest and best interest rates on their credit cards. The big creditors like Amex, Chase, Citi, Discover, Capital One and BOA don't offer rates as low as credit unions. I will always get an auto loan from a credit union. They always offer that lowest interest rates on auto loans too.

Re: Whats Lowest Regular APR you can get on a card

Cred4All — Wed, 04 Mar 2020 23:17:15 GMT

@pinkandgrey wrote:
I don't know what the absolute lowest would be (other than zero, of course), but many CUs offer as low as 5-7% to their best customers. You're pretty unlikely to see rates anywhere near that low with a major bank card.

Agreed. The NFCU Platinum is 7.49% which is low in my book. Any lower as stated above and I'd be impressed to hold one of those!

Re: Whats Lowest Regular APR you can get on a card

wasCB14 — Wed, 04 Mar 2020 23:37:29 GMT

@Anonymous wrote:
0% from Decatur Earthmover CU.

Some CUs offer variable rates that are fixed to the prime rate. Like Space Age FCU has a card with a 4.75% interest rate.

Bank cards generally bottom out around 9% give or take unless you're talking about special offerings like FNBO's prime card that had prime for interest and a $49 AF.

...which I see has a $1500 CL, so the practicality depends on spend!

Re: Whats Lowest Regular APR you can get on a card

Anonymous — Wed, 04 Mar 2020 23:50:20 GMT

@wasCB14 wrote:
@Anonymous wrote:
0% from Decatur Earthmover CU.

Some CUs offer variable rates that are fixed to the prime rate. Like Space Age FCU has a card with a 4.75% interest rate.

Bank cards generally bottom out around 9% give or take unless you're talking about special offerings like FNBO's prime card that had prime for interest and a $49 AF.
...which I see has a $1500 CL, so the practicality depends on spend!

I didn't see that limit but I just went and looked and saw it in the terms. That's pretty pitiful for requiring a $10K relationship to get it to begin with.

The turn off for me was 10%/$50 minimum payment. I figured there had to be more hoops which is why I opted out of making a thread about it when I found it like a week ago.

I did actually find out that I can get into Space Age but I am not sure that they would give me the 4.75% card since they assign you a card based on your credit at either 14.9%, 8.25%, or prime. Not worth a trip out of the garden.

Re: Whats Lowest Regular APR you can get on a card

K-in-Boston — Wed, 04 Mar 2020 23:57:25 GMT

@soxfaininfl wrote:
Credit unions consistently seem to offer the lowest and best interest rates on their credit cards. The big creditors like Amex, Chase, Citi, Discover, Capital One and BOA don't offer rates as low as credit unions. I will always get an auto loan from a credit union. They always offer that lowest interest rates on auto loans too.

Except for manufacturer-sponsored financing, of course. Plenty of sub-1% and even 0% deals to be found there.

In addition to credit unions' modern offerings, there are many legacy bank-issued cards still around with a low fixed or variable APR.

Re: Whats Lowest Regular APR you can get on a card

Anonymous — Thu, 05 Mar 2020 00:52:56 GMT

My local CU offers a rewards Visa as low as 7.90%. That's going to be the card that gets me out of the garden in April. Been with them for over 30 years, had multiple car loans and a mortgage through them, so I anticipate it'll be a good one to pick up.

Re: Whats Lowest Regular APR you can get on a card

Anonymous — Thu, 05 Mar 2020 17:58:36 GMT

I'll agree that CU's often have the lowest rate for Credit Cards. My local CU lowest rate is/was 6.50%, unfortunately when I applied I only qualified for the 9.5%. Which is still decent compared to almost every other CC I have. If I thought for sure I'd qualify for the lowest I'd throw them a HP to do so, would be a nice rate for short term personal loans. But CU's like to HP you for almost everything.

What i like about them is that you can transfer your CL to checking anytime with no fee, just the same standard APR as purchases etc.

So if you have a high CL, you can borrow from it whene er you need funds without incurring a HP like you do with a Loan.

Though from what I've seen in the real world, the people who would benefit most from the lowest rate often do not qualify for it.

Re: Whats Lowest Regular APR you can get on a card

cranston3 — Thu, 05 Mar 2020 20:27:55 GMT

PSECU offer 2.49% on balance transfers.

Re: Whats Lowest Regular APR you can get on a card

Anonymous — Thu, 05 Mar 2020 22:09:03 GMT

To my friends who have them, do Navy or Penfed usually give lower rates?

Re: Whats Lowest Regular APR you can get on a card

Anonymous — Thu, 05 Mar 2020 22:56:41 GMT

@Anonymous wrote:
To my friends who have them, do Navy or Penfed usually give lower rates?

Navy. I don't even need PenFed to know. It's very rare I see an approval at the lowest APR and while Navy will let you request an APR reduction once a year, PenFed apparently isn't known for reductions at all.

Re: Whats Lowest Regular APR you can get on a card

K-in-Boston — Fri, 06 Mar 2020 01:33:40 GMT

Depends on the product, but in my own experience NFCU gave me the lowest APR available for two CCs and a CLOC, while PenFed gave me the lowest APR for an auto loan refi and just slightly above the floor on CCs. Both have their strengths and weaknesses depending on the lending product, and other CUs can be just as low if not better.

Re: Whats Lowest Regular APR you can get on a card

Aim_High — Fri, 06 Mar 2020 03:06:26 GMT

@Anonymous wrote:
@Anonymous wrote:
... do Navy or Penfed usually give lower rates?
Navy.

That's why I added one card from each last year. Navy's low-rate Visa is the best deal but PenFed has the better rewards card (Power Cash @ 2% with no AF.) Also, while both have good banking products (much better than the big national banks and even many local credit unions), PenFed has a the higher-earning interest rates on checking, savings, and premium online money market savings accounts (currently 1.60% APR.)

I am with USAA but PenFed and Navy FCU both outperform USAA's "low-rate" Visa. Here are some of the better low-rate cards with national military-affiliate credit unions:

Andrews FCU "Titanium Rewards" Visa:

As low as 8.49% APR

*This card also pays a base 1.5% rewards PLUS 3%

on gas and groceries along with the low rate!

USAA "Rate Advantage" Visa (no rewards):

As low as 8.40% APR

PenFed "Gold" Visa (no rewards):

As low as 8.24% APR

Langley FCU "Platinum Select" Visa (no rewards):

As low as 8.00% APR

Navy FCU "Platinum" Visa (no rewards):

As low as 7.49% APR

Re: Whats Lowest Regular APR you can get on a card

Anonymous — Fri, 06 Mar 2020 03:08:57 GMT

@Aim_High wrote:
@Anonymous wrote:
@Anonymous wrote:
... do Navy or Penfed usually give lower rates?
Navy.
+1

That's why I added one card from each last year. Navy's low-rate Visa is the best deal but PenFed has the better rewards card (Power Cash @ 2% with no AF.) Also, while both have good banking products (much better than the big national banks and even many local credit unions), PenFed has a the higher-earning interest rates on checking, savings, and premium online money market savings accounts (currently 1.60% APR.)

I am with USAA but PenFed and Navy FCU both outperform USAA's "low-rate" Visa. Here are some of the better low-rate cards with national military-affiliate credit unions:

Andrews FCU "Titanium Rewards" Visa:
As low as 8.49% APR
*This card also pays a base 1.5% rewards PLUS 3%
on gas and groceries along with the low rate!

USAA "Rate Advantage" Visa (no rewards):
As low as 8.40% APR

PenFed "Gold" Visa (no rewards):
As low as 8.24% APR

Langley FCU "Platinum Select" Visa (no rewards):
As low as 8.00% APR

Navy FCU "Platinum" Visa (no rewards):
As low as 7.49% APR

Don't forget Andrews FCU's Simplicity is 7.49% for those who don't care about losing rewards.

I also didn't know the Titanium has 1.5% base. That's a feature I have said other cards should have before is 1.5% base and higher cats but I was told it wouldn't likely be profitable.

Re: Whats Lowest Regular APR you can get on a card

Aim_High — Fri, 06 Mar 2020 03:20:14 GMT

@Anonymous wrote:
Don't forget Andrews FCU's Simplicity is 7.49% for those who don't care about losing rewards.

Good catch! I missed that they have a lower-APR that currently matches Navy FCU!

I know there are some various stray rates better than Navy's 7.49% but I picked that one for my best low rate card. That seems to be the lowest rate outside of going with a smaller regional credit union or bank. Navy is the largest credit union in the US by far so I feel better about having a banking relationship with them. And some smaller lenders offer a teaser rate for awhile but don't stay consistently low like Navy.

Re: Whats Lowest Regular APR you can get on a card

omgitsMatt — Fri, 06 Mar 2020 05:09:19 GMT

The best I got is my CSEFCU card at 8.25%, fixed too. Its a rewards card also, 1pt for every dollar spent. Comes out to 1%. I don't use it for that.

Sometimes, when I carry a balance for a few months, I'll use a rewards card to carry it until the 1st statement is cut. Then before they start charging interest, I'll BT from there to CSEFCU card. I don't get charged a BT fee either.

I think its my most important card imo.

When I had funeral expenses last Summer, I lost my entire savings and then had to put the rest on a card and carry a balance for four months.

That's the perfect tool for that situation

Re: Whats Lowest Regular APR you can get on a card

omgitsMatt — Fri, 06 Mar 2020 05:09:57 GMT

I'm gonna research the cards everyone is sharing