What is considered to be a contemporary super-prime APR for a (non-CU) rewards card?

[galahad15]

Since most non-CU credit cards that are issued these days are rewards cards (almost always with higher interest rates than in the past and even as far back as a few years ago), I was just wondering if anyone had any thoughts on what is generally or currently considered to be a contemporary super-prime APR for a bank-based rewards card?  For example, would somewhere between 10-13% or thereabouts be considered as super prime now?  The reason I am kinda curious is because with a few rare exceptions, the days of both rewards- and non-rewards cards with interest rates below 10% are (sadly) largely behind us, post-CARD Act and in the present era of credit card lending, and so I am trying to figure out what the new normal is, for what is considered to be a super-prime, modern credit card going forward and for future apping purposes (i.e., eventually down the road when I am out of the garden once more)...

[Anonymous]

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@galahad15 wrote:

Since most non-CU credit cards that are issued these days are rewards cards (almost always with higher interest rates than in the past and even as far back as a few years ago), I was just wondering if anyone had any thoughts on what is generally or currently considered to be a contemporary super-prime APR for a bank-based rewards card?  For example, would somewhere between 10-13% or thereabouts be considered as super prime now?  The reason I am kinda curious is because with a few rare exceptions, the days of both rewards- and non-rewards cards with interest rates below 10% are (sadly) largely behind us, post-CARD Act and in the present era of credit card lending, and so I am trying to figure out what the new normal is, for what is considered to be a super-prime, modern credit card going forward and for future apping purposes (i.e., eventually down the road when I am out of the garden once more)...

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I think recently someone got their Amex BCE down to 8.24%? The FNBO Buck Back is at 11%, and that is considered excellent. I cannot think of anything else at the moment. But yeah, APR of ~10% is probably the lowest starting APR one can get. With good history and persistence, one can get it to below 10%, but that's the exception.

[Anonymous]

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@Anonymous wrote:

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@galahad15 wrote:

Since most non-CU credit cards that are issued these days are rewards cards (almost always with higher interest rates than in the past and even as far back as a few years ago), I was just wondering if anyone had any thoughts on what is generally or currently considered to be a contemporary super-prime APR for a bank-based rewards card?  For example, would somewhere between 10-13% or thereabouts be considered as super prime now?  The reason I am kinda curious is because with a few rare exceptions, the days of both rewards- and non-rewards cards with interest rates below 10% are (sadly) largely behind us, post-CARD Act and in the present era of credit card lending, and so I am trying to figure out what the new normal is, for what is considered to be a super-prime, modern credit card going forward and for future apping purposes (i.e., eventually down the road when I am out of the garden once more)...

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I think recently someone got their Amex BCE down to 8.24%? The FNBO Buck Back is at 11%, and that is considered excellent. I cannot think of anything else at the moment. But yeah, APR of ~10% is probably the lowest starting APR one can get. With good history and persistence, one can get it to below 10%, but that's the exception.

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Barclay's Ring has 8% and Simmons Bank Platinum Visa is 7.5%

[Anonymous]

The Simmons Visa Reward is 9.5%, and I am not sure I will call the Ring a reward card. We're talking reward cards here.

[Aahz]

The BBVA NBA card starts as low as 9.24% and Discover IT starts as low as 10.99%

Of course, with the interest rate hike (actually more of a bump) yesterday, the vast majority of APRs should be bumping up another 0.25% soon.

[galahad15]

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@Anonymous wrote:

I think recently someone got their Amex BCE down to 8.24%? The FNBO Buck Back is at 11%, and that is considered excellent. I cannot think of anything else at the moment. But yeah, APR of ~10% is probably the lowest starting APR one can get. With good history and persistence, one can get it to below 10%, but that's the exception.

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Thanks for the helpful datapoint & also very glad and encouraging to see that with enough persistence and a sufficient credit profile demonstrated, someone was indeed successfully still able to get their rewards card below the 10% threshold there! 

[galahad15]

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@Anonymous wrote:
Barclay's Ring has 8% and Simmons Bank Platinum Visa is 7.5%

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The Ring is indeed an excellent card, in MHO!  Have one and have been very happy with it, thus far...as far as the Simmons card, alas I don't think they would approve me with my scores and high util, even if I hypothetically apped with them.  But ya I guess that one could make the potential point that their low interest rate is a reward, in and of itself...

[Anonymous]

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@galahad15 wrote:

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@Anonymous wrote:
Barclay's Ring has 8% and Simmons Bank Platinum Visa is 7.5%

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The Ring is indeed an excellent card, in MHO!  Have one and have been very happy with it, thus far...as far as the Simmons card, alas I don't think they would approve me with my scores and high util, even if I hypothetically apped with them.  But ya I guess that one could make the potential point that their low interest rate is a reward, in and of itself...

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Guess it's how you look at it :-)

[galahad15]

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@Aahz wrote:

The BBVA NBA card starts as low as 9.24% and Discover IT starts as low as 10.99%

Of course, with the interest rate hike (actually more of a bump) yesterday, the vast majority of APRs should be bumping up another 0.25% soon.

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Again thanks for the helpful and valuable datapoint!