I have a credit card through Capital One with an APR of 21.05% I've had it since April. My score is 733 according to "My Credit Inform" that Capital One offers and my limit is 750. I took the first offer that came in the mail. But the card really doesn't offer me anything else, cash back, etc. Should I be concerned about the perks or have the APR lowered? I don't pay it off each month like I probably should, but I do pay well above the minimum. But also, should I go with a card through my credit union? and how do I get the balance transfered?
2006-10-10 15:37:39 · 6 answers · asked by Anonymous in Business & Finance ➔ Credit
Get a card with your credit union and rip the other one.
It's always better to have a card with the instituion you're banking with. And do try to pay it off every month, the interest adds up over a year. If you think you can't, leave your card at home on a daily basis and only take it when you go out or go on a trip.
2006-10-10 15:46:00 · answer #1 · answered by Mightymo 6 · 0⤊ 0⤋
Definitely time to look for a new card and one that offers balance transfer with no interest payment. You don't actually want to pay off the Capital One card under that interest rate -- it will cost way less to find a card with balance transfer. Good luck in your search!
2006-10-10 15:47:09 · answer #2 · answered by leannainpa 3 · 0⤊ 0⤋
I would find a new card but pay off your current capital one card and leave it open but don't use it. That way it stays on your credit file as a payed off account that's still open. For some reason it makes your credit score better.
I recently had to cancel my American express card because they would change my payment due date from month to month trying to slip me up and they finally did. I was about a day late and they jacked my interest rate up to 30%. Grrrrrr.
2006-10-10 15:44:14 · answer #3 · answered by Jp83 6 · 0⤊ 0⤋
first of all PAY OFF YOUR CC EVERYMONTH!
second of all get one that you get cash back with (discover) or frequent flyer miles...
otherwise why use the card at all... they should give you something for your business.
2006-10-10 15:48:42 · answer #4 · answered by confused 1 · 0⤊ 0⤋
call cap one and ask for a lower rate...
2006-10-13 09:04:01 · answer #5 · answered by Anonymous · 0⤊ 0⤋
go with your union, they have better interest rates.
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2006-10-10 16:10:53 · answer #6 · answered by bijan a 2 · 0⤊ 0⤋