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Sportsman' Guide Visa APR Increase

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Established Contributor

Sportsman' Guide Visa APR Increase

Anyone else get an internal email telling them  their APR was going up another 2% to 26.99%?  Daggum, as if Comenity was not the highest APRs in the credit world already.

 

I refuse to buy anything that costs more than $10 on my two Comenity cards.  I will keep them for BTs only due to the 18 month 0% APR.  It's ridiclous folks.  These creditors will go as high as Congress will allow them to go.  And my FICOs are in the 780s (NFCU above 800).

Message 1 of 31
30 REPLIES 30
Community Leader
Valued Contributor

Re: Sportsman' Guide Visa APR Increase

Dang, that’s so high. Don’t carry a balance! Lol 

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Message 2 of 31
Community Leader
Super Contributor

Re: Sportsman' Guide Visa APR Increase

Not including rights to increase / decrease, you knew what you were getting into when you signed up for ComenitySmiley Wink. Scores do not always entitle lower aprsSmiley Wink.
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Message 3 of 31
Super Contributor

Re: Sportsman' Guide Visa APR Increase

I think the Sync Amazon is like 28.99%?

 

Honestly I don’t even look at the store card APRs. They’re high because they want to discourage people from carrying a balance and they want to make sure that when they do carry a balance, they get interest payments enough to cover the added risk to them. I mean let’s face it, nobody carries a balance on a high interest store card if they have another option. 



01/2019:
10/2019:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 4 of 31
Established Contributor

Re: Sportsman' Guide Visa APR Increase

Well, I got every last card I ever wanted.  Then came the $20k limits.  Now I am a snob when it comes to APRs.  I think it's bad advice to give to people about don't worry about APRs as long as you PIF.  Tragedy and emergencies are unpredictable.  Just take a look around at the gazillions of My-FICO'ers who have declared bankruptcy.

 

I don't like cards above 15% APR.  Has nothing to do with the easy response of PIF and you ever have to worry about it.  The APR is the last and only factor I get to play with as a mature, seasoned, intelligent credit consumer.

Message 5 of 31
Moderator Emeritus

Re: Sportsman' Guide Visa APR Increase

@CreditContractor share your views.

When looking back to the day when store cards were actually issued and the accounts receivables were theirs, the Aprs were virtually all over 20% (1950's to the early 1980's+). Never liked it but, they were the one's hanging if the clients did not pay.

Get the life happens part but, I do not ever recall store cards with low Aprs in my neck of the woods.
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Message 6 of 31
Super Contributor

Re: Sportsman' Guide Visa APR Increase

The cards have to make money somehow. I don’t personally see a problem with it — it makes credit accessible to people who otherwise couldn’t get it. Being a LIEer myself, I am thankful for credit card companies offering me higher APRs in exchange for a credit limit. 

 

The store cards normally come with special financing offers which is what makes them valuable. Having 6-24 months to pay off a large purchase is a great perk. 

 

My non-CU cards range from 22.24%-25.15%. I’m still blown away that NFCU gave me 7.99% (now 8.24%) on my Platinum and I’m thankful for that. I know if I ever need to carry a balance, I’ll carry it on that card. There are cards that are meant to carry balances and cards that are meant to be paid in full, I don’t see an issue with this as any restrictions would harm consumers like me a lot. 



01/2019:
10/2019:

Hover over my cards to see my limits!
Goal cards: Cash+, Freedom.
Message 7 of 31
Moderator

Re: Sportsman' Guide Visa APR Increase

Nope no apr increase on my WS visa I got the best apr and BT offers still rolling in.

Message 8 of 31
Valued Contributor

Re: Sportsman' Guide Visa APR Increase

Here's a list of my APR's oldest card to newest card and only 1 is a Sync card... no fluffy store cards in the mix and the Sync one is dying a slow lonely useless death in a drawer.

 

APR
6.9
11.9
9.5
12.24
22.9
14.24
19.24
16.49
15.24
17.24
18.24
16.74
20.24
20.24
15.74
17.49
14.99
17.49
17.49
13.49
15.24
17.24
500K+ TCL / 800+ FCOs
Message 9 of 31
Moderator

Re: Sportsman' Guide Visa APR Increase

Speaking of the devil I went from the best tier APR to 26.99.. Just got a SM from them wth.  They get rid of tiers now?  I spoke to soon a few post back.. going to look at terms for new cards.

 

edit also other terms changed such as minimum payment and possibly other stuff..  Logged in application page and still shows tiers of apr's not sure if that hasnt been updated to one yet?

 

 

Message 10 of 31
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