CC with APRs below 10%

[kdm31091]

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@Anonymous wrote:

I am happy with my NFCU Platinum card at 8.24%. 

I refuse to pay interest but if I ever have to, the NFCU card will get the spend. 

I will probably add Unify at some point but with my EX auto scores around 680 right now, definitely not the time. 

We have a local CU with a fixed 9.99% card but their technology is so outdated that I won’t bother with them. The website is like something made for NCSA Mosaic...

By the way, interest rates are high because of the CARD Act, not the economy. Lenders would rather come out with high APRs up front than have to go through the process the CARD Act requires to raise it later. 

Also when the economy tanks, I wouldn’t be relying on credit cards to be there for you in an emergency. The first thing that will happen is limits on cards will be slashed. CUs will be somewhat resistant to this, especially large ones like NFCU, but a credit card is definitely not something I would want to rely on during an economic downturn. 

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I would agree....when the economy worsens, you often see CLDs, so the large limit could likely be gone and render the card useless for an emergency.

[minski]

Signature FCU

Visa Platinum $25,000 8.90% None
Visa Signature No pre-set spending limit 8.70% None

Website is outdated, and they never responded to my online credit application.

[bz386]

Star One Credit Union Best Rate VISA Platinum, starting at 7.75% APR. Geographically restricted to Santa Clara County (CA).

https://starone.org/cards/credit/visa-platinum-best-rate/

[Anonymous]

Andrews FCU Titanium - 7.99% variable - $10K minimum SL so obviously very high credit requirements. They have a Platinum that starts at 9.99% as well. 

https://www.andrewsfcu.org/personal/loans-and-credit/credit-cards.html

CapEd’s Platinum card starts at 7.59% and caps at 11.99%

https://www.caped.com/loans/visa-credit-card.html

Chartway VISA Rewards starts at 9.24%

https://www.chartway.com/accounts/credit-cards.html

Garden Savings FCU starts at 8% with a 680+ FICO

https://www.gardensavingsfcu.org/loans-credit/visa-credit-cards.html

GTE Financial Go To card - starts at 8.99%

https://www.gtefinancial.org/personal/credit-cards/gte-go-to-visa

Teachers FCU No Frills - starts at 9.36%

https://www.teachersfcu.org/pages/personal_credits_nofrills.php

All of these have ways for anyone to join as of today, I checked all of them.

[the_jan_b]

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@AverageJoesCredit wrote:
What Blasphemy saying you dont NEED another Navy card

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[the_jan_b]

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@AverageJoesCredit wrote:

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@pinkandgrey wrote:

I certainly don’t have any cards with rates that low, but I don’t pay interest anyway. If you want loooow APR, you’ll probably have to look to credit unions. Maybe Penfed?

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recomending Penfed, how dare you😆

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[AverageJoesCredit]

Lol, from Joy to Sorrow

I was looking at the Garden one, looks interesting. Wonder who they pull?

[SouthJamaica]

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@Anonymous wrote:

I wanted to start a thread where I can get some feedback from members on credit cards with APRs below 10%. I have three times my income in revolving credit lines. I am closing out a handful of cards with insane APRs regardless of how high the limit is.

From this day forward I want low APR cards only. I have the FICO scores to get the lowest offered. Please post any you may know of that are below 10% for us folks who qualify for the lowest APRs.

NFCU Platinum.  I already have a Cash Rewards at $22K with a 10.15% APR so I don't need another Navy card :

https://www.navyfederal.org/loans-cards/credit-cards/platinum/

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I think you are making a wise decision.

My favorite is Unify FCU Variable Rate Platinum (mine is 7.24%).

[Gollum]

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@Anonymous wrote:

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@Anonymous wrote:

Great thread. I bookmarked for future use.

Are you only interested in ongoing low APR or temporary 0% offers also?

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I am not really interested in temporary 0% offers.  You know, it's a shame we keep getting told how great our economy is while APRs are creeping up to the 30% level.  Back when we were being told of a potential other great recession, CU's had rates below 8%.  Seems like things are getting much worse, not better.  Should have loaded up on cards back then.

I have AmEx, CapOne, Chase, Citi, Discover, NFCU, Sam's Club, Sportsman's Guide and Total Rewards.  Three of those are $20k and more.  None are less than $10k.  AmEX = 18%,  Sam's MC = 23.15%, Sportsman's Guide = 24.99%, and Total Rewards = 22.99%.  I'd trade those 4 for 4 with 8-10% APRs any day.  I have rarely ever paid any interest on any credit card so I don't need a lecture about how APRs don't matter if you PIF.  It's about mastering the game of credit.  High limits and super low APRs.

Nobody knows when a catastrophy will happen and you find yourself in a bind.  Medical bills might eat your life savings and medicine might max out your cards.  Then you'd never catch up after the interest charges took over.

The problem with having so much credit is you don't get preapproval CC offers when you join new CUs.  My ideal situtation would be 4 CCs with $20k or more limits with APRs right at or below 10%.

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Most credit card interest rates are tied to the prime rate, which is in turn tied to the federal funds rate. The Federal Reserve (in theory) raises the federal funds target rate if their voting members think the economy is "too good," or lowers the federal funds rate if they think the economy is not doing well.

TL;DR: good economy -> higher rates, bad economy -> lower rates.

[bizarrocreditworld]

I have a Transportation FCU Visa with a $20,000 limit and a 9.9% APR. ACC membership gets you in. 

Some people have had problems with the membership process, but they've been great to me. $20,000 is their limit. The APR starts at 8.9%.