topic Re: Interest Rates in Credit Cards

Interest Rates

Anonymous — Thu, 01 May 2008 02:57:37 GMT

Hi,

What rates you are getting on your ccs?

I have three cards at the following APR:

BofA AMEX: 7.9%
BofA MC: 9.99
Chase VISA: 15.24%

FICO appx 700-722

Re: Interest Rates

Creditaddict — Thu, 01 May 2008 03:17:55 GMT

My main card is USbank Sig. and it's variable, as of last month 11.24.

Your 7.9 sounds good to me!

Re: Interest Rates

Anonymous — Thu, 01 May 2008 03:28:34 GMT

Just found out the average is 13.1%.

Check indexcreditcards.com

April 8, 2008

Weekly Averages:

* Average consumer credit card rate (non-reward): 13.01%
* Average reward credit card rate: 14.97%
* Average student credit card rate: 14.84%
* Average business credit card rate (non-reward): 10.83%
* Average business reward credit card rate: 12.16%

Re: Interest Rates

Anonymous — Thu, 01 May 2008 03:55:15 GMT

None of my APR's are anything to brag about-

My best APR is 9.50 (should drop another .25)

I refuse to pay CC interest- the little CC debt I have is all on 0%.

Re: Interest Rates

Anonymous — Thu, 01 May 2008 19:03:11 GMT

My best rates are--

Bank of America WorldPoints Visa--7.9% Fixed

Chase Freedom Visa--Prime Rate+0.49%, or 5.49%

Re: Interest Rates

Anonymous — Thu, 01 May 2008 20:00:08 GMT

My best APR is BofA Accelerated Rewards Amex: 9.99% fixed.

Re: Interest Rates

MidnightVoice — Thu, 01 May 2008 20:09:23 GMT

cheddar wrote:
My best APR is BofA Accelerated Rewards Amex: 9.99% fixed.

I have a CU 9.9 fixed which is if I ever need a short term loan and have to carry a balance - it is probably easier than taking it out of savings .

My others are rewards cards and much higher

Re: Interest Rates

Anonymous — Thu, 01 May 2008 20:17:31 GMT

My lowest is 14.9 (HSBC). My highest is 26.2 (Merrick).

Re: Interest Rates

MattH — Thu, 01 May 2008 20:55:22 GMT

@Anonymous wrote:
Hi,

What rates you are getting on your ccs?

I have three cards at the following APR:

BofA AMEX: 7.9%
BofA MC: 9.99
Chase VISA: 15.24%

FICO appx 700-722

My lowest credit card APR is 7.24%, my highest credit card APR is 17.24%, with my FICO scores (consistently over 750 for years) and DTI ratio (mortage PITI under 15% of my base salary, under 12% of my salary plus bonus, under 9% of our combined household incom and no debts other than mortgage) I am confident I could get a credit card under 7% if I cared, but since I pay all credit cards in full every month I don't need to.

Re: Interest Rates

Anonymous — Fri, 19 Jun 2009 01:58:51 GMT

Message Edited by Jewels731 on 06-18-2009 06:58 PM

Re: Interest Rates

jmbfl — Sun, 18 May 2008 05:42:19 GMT

Let's see... I have a BOA AMEX at 9.99% fixed (0% BT) and a WAMU/Providian at 32% variable. Guess what got BT'ed where? The problem is that that WAMU card has a $3900 CL and is 8.5 years old so it is here to stay Think they will ever decrease that rate? WAMU is so psychotic I'm afraid to ask. Maybe when I am six billing cycles and a couple of PIF lunches past the BT, at which time they will probably tell me to reapp and merge so I get stuck with an inquiry over it. If they really wanted to be spiteful they could CLD that card into oblivion. They won't do that though - they will leave it sit as is, collect the annual fee and hope at some time in the future I am stupid enough to carry a balance again. Fat chance.

Re: Interest Rates

rubaty — Sun, 18 May 2008 06:30:34 GMT

Here is my list of below 10% & over 20%. I have a few in the teens as well.

Lowest:

USAA MC: 7%

USAA AMEX: 7%

CHASE VISA: 8.99%

SFCU VISA: 9.14%

BOA 49ER VISA: 9.99%

Merrill + VISA: 9.99%

AAFES Star Card: 10% (2nd Oldest acct/19 yrs)

Highest:

Providian: 32% (3rd Oldest acct/13yrs)

Orchard MC: 22.99%

BestBuy store card: 21.99%

JCP: 21.99% (Oldest acct/20 yrs)

Re: Interest Rates

Anonymous — Sun, 18 May 2008 12:27:54 GMT

USAA, Juniper and Chase Marine Corp Card are all around 10%

My Navy Fed rewards card is 11.9%

Sears is 22.9

and my oldest card which is a Chase Platinum is at 24.9% b/c I've had it through some bad times, I'll probably try some apr recon with them soon though

Re: Interest Rates

Anonymous — Sun, 18 May 2008 12:55:48 GMT

Lowest is Nordstrom: 5% (prime + 0, this is where my only non-0% balance is; however, no incoming BT allowed)

Highest is Express: 22% (God help me if I'm ever carrying a balance on this)

BofA product change is in process, hope I'll get a 9.9% on that.

All of my other cards are at the lowest offered by the program, except...

Amex Blue (relatively new) at 11.?%, and I'm working on it.

Re: Interest Rates

Anonymous — Sun, 18 May 2008 13:02:15 GMT

BofA PP Visa w/WP 16.24
Chase Flex Rewards 19.99

Chase wouldn't budge btw asked them twice this month for APR reduction to match or exceed BofA. Chase is relatively new since Feb.

BofA dropped rates all year for me without asking exceeding fed rate drops. Pretty pleased with them. Probably dropped me to better tier pricing after nearly two years of perfect history.

Re: Interest Rates

ocheosa — Sun, 18 May 2008 18:08:34 GMT

Amex Blue 8.99%

JFCU Plat Visa 9.99% (intro 6 mos 6.99%)

Discover 10.74% (BT 3.9%)

Chase Disney Visa 11.99% (intro 1yr 0%)

Citi Diamond Preferred 12.49% (BT 0%)

US Bank Cash Back Plat Visa 15.75% (BT 0%)

US Bank WorldPerks Plat Visa 15.75% (no pre-set limit) new card 3/08 after 1yr will try to lower APR

BOA Preferred Visa 15.99% (intro 1yr 0% APR Purchases, Bal Xfers, Cash Advance) new card 3/08 after 1yr promo will try to lower APR

Message Edited by ocheosa on 05-18-2008 11:08 AM

Re: Interest Rates

fused — Sun, 18 May 2008 18:54:15 GMT

My Amex Blue is now 6.99 (nominal APR) but I hardly use it

Re: Interest Rates

ocheosa — Sun, 18 May 2008 19:17:28 GMT

fused wrote:
My Amex Blue is now 6.99 (nominal APR) but I hardly use it

Awesome! I am going to wait a year and try to get it lowered again. I have had this card for 2 years and it is actually my "go to" card. I can either pay in full or run a balance (no longer than 3 months). Have been wondering about changing to Clear; would you think it better or worse? It seems to have more perks.

Message Edited by ocheosa on 05-18-2008 12:17 PM

Re: Interest Rates

fused — Sun, 18 May 2008 19:46:43 GMT

ocheosa wrote:

Awesome! I am going to wait a year and try to get it lowered again. I have had this card for 2 years and it is actually my "go to" card. I can either pay in full or run a balance (no longer than 3 months). Have been wondering about changing to Clear; would you think it better or worse? It seems to have more perks.

Message Edited by ocheosa on 05-18-2008 12:17 PM

Clear is the way to go if fees are important to you. No BT fees makes Clear an attractive card.

Re: Interest Rates

Anonymous — Sun, 18 May 2008 19:58:40 GMT

ZERO. My best is 0% -On my discover and my 4.9% on my transfer platinum Bof A Card! Yes, next year they go back up to 8. Or 7 ----------------Hope I can stop this