Don't care about the interest rate in the slightest; the only time it is a consideration is 0% intro offers if I want to buy something big and keep my money earning interest during the year.
Technically I've been in CC debt when my ex wife maxed out my cards and wrecked my credit...but that's a story for another day. The balances I carry on credit cards are only 0% interest or small balances for AZEO purposes.
Technically I've been in CC debt when my ex wife maxed out my cards and wrecked my credit...but that's a story for another day. The balances I carry on credit cards are only 0% interest or small balances for AZEO purposes.
Other than it being nice indication of how they veiw your credit profile when a bank approves a new card at their lowest advertised interest rate, it is a non factor for me.
Yes and yes.
They better give me their best rate or have a path to their best rate or that card will not be staying. But I'm not seeking out low APR cards... I've just been in the position of sometimes life sucks and you carry a balance. I'm far better prepared for something happening like that again now (part of why I keep an "empty" 25k card on case I do need to at some point; you just don't know.)
AmEx frustrates me because they won't change your permanent APR... my oldest card is with them and despite having been with them for 21 years, and having multiple cards with their best rates, they won't lower that one. I got a Platinum and a Gold with them... the Platinum did not have their best rate, the Gold did, so after the eventual upgrade to two Plats (no fee thanks to Military), the upgraded one is the one I kept long-term, despite getting the Platinum 6 months earlier. Same thing for having just picked up a second BBP... the new one is their best APR, the old one will eventually get closed because of that (biz credit, so won't affect my average card age).
Chase did a stealth APR lowering of my Ink Cash, in contrast. Here I thought I was gonna have to keep churning Ink Cashs till I got the APR I wanted 😜
AU - 
Biz - 
Sock - 
Chopping Block - 
@alexsmith wrote:My philosophy towards credit cards is that it’s a tool for me to get a 3% to 5% discount on everything I buy. I have never been in credit card debt.
Your 3%-5% discounts on everything is akin to 3%-5% cash back, so it seems you're already knowledgeable about not carrying balances.
You are a transactor, thus interest rates should be of no concern.
