topic Re: Credit Card APR in Credit Cards

Credit Card APR

JWest — Fri, 18 Jan 2013 18:10:56 GMT

Is there a way to find out your current APR on a credit card account?

Re: Credit Card APR

ALLevesque — Fri, 18 Jan 2013 18:13:37 GMT

it usually shows on your statement.

Re: Credit Card APR

JWest — Fri, 18 Jan 2013 18:24:24 GMT

Ok thanks a lot

Re: Credit Card APR

JWest — Fri, 18 Jan 2013 18:39:43 GMT

I have a second question does Apr usually drop over time or stay the same the entire time?

Re: Credit Card APR

Anonymous — Fri, 18 Jan 2013 18:41:02 GMT

@JWest wrote:
I have a second question does Apr usually drop over time or stay the same the entire time?

Depends on you card, I have a citi Forward that drops .25 every 3 months for on time payments

Re: Credit Card APR

ALLevesque — Fri, 18 Jan 2013 18:51:01 GMT

none of my APRs have ever dropped. I had one go up once a few years back when my util was high.

You can sometimes call to request a lower APR, but I never have just because I've gotten in the habit of PIF every month, so apr doesn't really matter much to me.

Re: Credit Card APR

injustifiiable — Fri, 18 Jan 2013 18:51:57 GMT

@JWest wrote:
I have a second question does Apr usually drop over time or stay the same the entire time?

Same area of the statement should say whether it's variable or fixed. Variable rates go up and down with the prime rate...fixed is obviously fixed. If you have online access, you can also find out the info when you log in to the system.

Re: Credit Card APR

JWest — Fri, 18 Jan 2013 18:55:59 GMT

Ok thanks guys for the info

Re: Credit Card APR

chnceit — Sat, 19 Jan 2013 08:49:29 GMT

@JWest wrote:
I have a second question does Apr usually drop over time or stay the same the entire time?

It takes a simple call to sk if there is an APR reduction available for your account. I got my AMEX reduced by 2%