cancel
Showing results for 
Search instead for 
Did you mean: 

Does credit score correlate with interest rates?

tag
CollegeStudent530
Regular Contributor

Does credit score correlate with interest rates?

What score is needed for the lowest tier interest rate available?

I always pay my balance in full every month, but I'm still curious to find out what scores qualify for the lowest interest offered.

 

American Express Blue Cash Everyday 18.99% (Pulled TU: 766)

BankAmericard® Better Balance Rewards™ 18.99% (Pulled EX: 749)

Discover It 17.99%

Chase Freedom 18.99%

Golden 1 Credit Union Student Visa 14.90%

Message 1 of 4
3 REPLIES 3
chnceit
Valued Contributor

Re: Does credit score correlate with interest rates?

It correlates with credit profile. Credit score is a factor though

Last Pulled EQ: 809
Last Credit Card App: 02/05/2016
Last CLI: 02/06/2016
Find Me: Gardening
Message 2 of 4
CollegeStudent530
Regular Contributor

Re: Does credit score correlate with interest rates?

Thanks @chnceit. I assumed that the credit profile as a whole is taken into account when deciding interest rates.

Message 3 of 4
chnceit
Valued Contributor

Re: Does credit score correlate with interest rates?

Yes it does. One with a short history and or baggies will get a higher APR. Credit score is not everything now a days

Last Pulled EQ: 809
Last Credit Card App: 02/05/2016
Last CLI: 02/06/2016
Find Me: Gardening
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.