2006-12-11 06:22:48 · 18 answers · asked by HorribleDeath18 1 in Business & Finance ➔ Credit
Its on my Chase Freedom Credit Card
2006-12-11 06:29:20 · update #1
If 23.24% is the best you can do, i.e. no other company will approve you for something better or anything at all, then stick with it for now. If this is your first credit card, focus on building your credit history. Make payments on time and do not go over your credit limit. I recommend keeping a balance of no more than 25% of your credit limit.
After six months, as for a lower rate. The credit company may pull your credit history. Just like the earlier comment, you have to ask and you might receive. Do not be offended or discouraged if the credit company cannot give you a better rate. Remember you a consumer. If you do not like their service or what they offer take your business elsewhere.
2006-12-11 07:00:44 · answer #1 · answered by jynxx25 2 · 0⤊ 0⤋
Credit Card interest rates are generally high, but not that high. If you have bad credit, then you may not have a choice. Contact the credit card company and ask for a lower rate. Sometimes they will do so if you are a good customer, but you must ask. If they don't, then tell them you are going to cancel the card. Find a new card. There are many with 10% range - your credit must be descent. Open another card account. Pay off the other and cancel it. Some cards now have free balance transfers and some are interest free for a year.
2006-12-11 06:34:22 · answer #2 · answered by ThePerfectStranger 6 · 0⤊ 0⤋
For Finance and credit solutions I recommend this site where you can find all the solutions. http://your-finance.us/index.html?src=QUK19Hdj56NFi
RE :Is 23.24% APR good?
Update: Its on my Chase Freedom Credit Card
Follow 17 answers
2016-11-13 20:01:00 · answer #3 · answered by ? 6 · 0⤊ 0⤋
Good for the credit company not for you. That is a very high interest rate usually reserved for first timers or people with bad credit. You should dump that card as quick as possible. Only use rates like that when you are absolutely sure you can pay it off in one month, thus avoiding the interest accrual.
2006-12-11 06:31:53 · answer #4 · answered by rac 7 · 2⤊ 0⤋
NO! That is really high! For example paying 23.24 % on $100 is $23.24. That is almost a fourth of your money!
2006-12-11 06:25:24 · answer #5 · answered by roxhart78 2 · 1⤊ 0⤋
That's interesting
2016-08-08 21:21:10 · answer #6 · answered by Anonymous · 0⤊ 0⤋
no, that's really high unless you've had credit troubles in the past. Even so, I would research other ways to improve your credit than to take that card or loan.
2006-12-11 06:25:57 · answer #7 · answered by jeffedl 2 · 0⤊ 0⤋
In a savings account, YES!
on a Credit card.... No friggin way!!!!!!!
mine are around 12% and that is pretty sucky
2006-12-11 06:25:39 · answer #8 · answered by J-Rod on the Radio 4 · 1⤊ 0⤋
No honey. The way I understand it, 23$ is what more or less will be charged from every 100$ cash you obtain. I beleive it does not apply for purchases, only cash withdrawals :)
2006-12-11 06:28:44 · answer #9 · answered by paula 2 · 0⤊ 0⤋
that is a horrible rate! What is it for?
If it's insecure debt or loan(credit card, personal loan)..that rate is on the higher end of the average that they charge...
If it's secure..(car, house) then you need to go somewhere else FAST!
2006-12-11 06:27:05 · answer #10 · answered by jen 2 · 0⤊ 0⤋