2006-10-09 05:47:59 · 26 answers · asked by jacsy 1 in Business & Finance ➔ Credit
this depends on your credit history, income and what other credit cards you currently have under your name, if any. in my opinion, "good" would be anything under 12%. something around 9 or 10% would be great..but most i see hoover around 15% - 20%...which isn't bad..its just average.
2006-10-09 05:57:10 · answer #1 · answered by Anonymous · 1⤊ 0⤋
Many credit card companies offer an introductory 0% for up to the first year. However, it's best to avoid their interest rates in the first place - try not to spend more than your budget, so that you can pay the balance in full each month.
2006-10-09 12:58:42 · answer #2 · answered by Chuckie 7 · 0⤊ 0⤋
A typical "low" rate is around 18%. The best thing you can do is always pay your balance in full on time. Credit card companies make most of their money from late fees, overage charges and, of course, interest. If you are consistently late, they can, without warning, raise your interest rate. The worst thing you can do for your credit rating is constantly transfer from one card to another to another. The BEST thing you can do for your credit rating, if you must use credit cards, is keep your balances low and pay on time.
2006-10-09 13:00:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It depends on how good your credit is. I have two cards that i use one at 9% and one at 11%. It is usually best to get your card through your bank or credit union they give better rates.
2006-10-09 13:03:45 · answer #4 · answered by Jason C 1 · 0⤊ 0⤋
Of course 0% is perfect but not terribly realistic, excpet for an introductory period or balance transfers. You shoould expect a good rate to be from 10-14% or prime plus 2% or similar type of calculation. over 20% is not a good rate, you can find better with good credit. 15-19% is fairly normal but you asked what is good.
2006-10-09 13:00:08 · answer #5 · answered by Wannabe007 2 · 1⤊ 0⤋
Depends on your credit score. Good score should get 0% for atleast 6 months then low after that. Bad score no more than 17 to even 21%.
2006-10-09 12:52:22 · answer #6 · answered by Not Laughing w/ U 3 · 0⤊ 0⤋
credit cards have never been that much good for credit. secondly it all depends on your credit scoring. If it is five stars means from 850 - 980 than you are looking at a rate of 12.5 % but if its down you may get a rate of 29.9 %apr
2006-10-09 12:54:09 · answer #7 · answered by aatifsmalik 1 · 0⤊ 0⤋
well 0% would be the best, but unlikely rate
realistically you can see them advertised from 15.9% upwards
I seem to remember seeing on at 12.9% but cant remember where, so i may have been dreaming.
most of them do interest free (0%) periods, so look for a long period followed by a low interest rate
2006-10-10 05:43:24 · answer #8 · answered by alatoruk 5 · 0⤊ 0⤋
The new Marks&Spencer card offers 0% on all purchases for a 12 month period.
You cant get much better than that..!
2006-10-09 12:50:46 · answer #9 · answered by Anonymous · 0⤊ 0⤋
The lowest rate possible. Make sure the rate will be permanent and not an introductory offer.
2006-10-09 12:50:25 · answer #10 · answered by Deavious999 3 · 0⤊ 0⤋