Everytime should get a score if I receive my new credit card?

[Christina_xyt]

So I have five cards in total. Except for the first one, (boa 123 card) everytime I got a new card approved and when I received the card, along with the card they showed me my score on the letter (one of the three I guess? Or it was always EQ's if my memory recalls)

But this time when I got my fidelity card, I didn't get a score on the letter. So I am just wondering if I am supposed to get one or just depends on different cards?

[mongstradamus]

---

@Christina_xyt wrote:

So I have five cards in total. Except for the first one, (boa 123 card) everytime I got a new card approved and when I received the card, along with the card they showed me my score on the letter (one of the three I guess? Or it was always EQ's if my memory recalls)

But this time when I got my fidelity card, I didn't get a score on the letter. So I am just wondering if I am supposed to get one or just depends on different cards?

---

i think if you don't get the best apr or something  you will get an score with your card.

[B335is]

Fidelity has a standard interest rate regardless, so you wouldn't get a score with it.  Basically there's no unfavorable terms since they're the same for everyone.  However, if you applied for something like Chase Freedom and got a higher tier interest rate (say 22.9% vs. 14.9%), then yes you would get a score.

[Christina_xyt]

>.< I am still not familiar with most terms. Apr stands for? Annual something rate?

[mongstradamus]

---

@Christina_xyt wrote:
>.< I am still not familiar with most terms. Apr stands for? Annual something rate?

---

Apr=annual percentage rate basically interest you will pay if you  are late paying or can't pay in full

[NoAnchoviesPlease]

---

@mongstradamus wrote:

---

@Christina_xyt wrote:
>.< I am still not familiar with most terms. Apr stands for? Annual something rate?

---

Apr=annual percentage rate basically interest you will pay if you  are late paying or can't pay in full

---

APR is Annual Percentage Rate, or the cost of credit... It's on your account terms, as is the way it's calculated. If you carry a balance past the due date on your statement, you pay (probably) 1/12 of your APR in interest (i.e. on a $100 balance for a month at 12% you pay about 1% or $1, unless there's a minimum finance charge on your account). 

Most cards seem to do average daily balance, so it will not be precisely 1/12 per month. 

if you're late paying, you may get the default rate, which is usually obscenely higher (like 25-30%).

Just in case, it's worth reading your cardmember agreement to make sure you understand how the account works. With various laws in the last few years, you're less likely to run into extremely predatory things (like universal default and two-cycle-average) but things like default APR can bite you pretty badlyfor a long time if you run into it.  If you have questions you can ask here or call your card issuer. 

[Christina_xyt]

Thank you both for explaining that to me.

[mongstradamus]

---

@Christina_xyt wrote:

Thank you both for explaining that to me.

---

We all had to start somewhere 

[takeshi74]

Don't over look the stickies as well.  They're all linked from a single sticky now:

http://ficoforums.myfico.com/t5/General-Credit-Topics/Frequently-Requested-Threads/td-p/10675