I'm applying for credit cards and want to know which one I should get. Thanks!
2007-04-25 11:29:51 · 7 answers · asked by Virginia 3 in Business & Finance ➔ Credit
What's considered high and what's considered low? Thanks again!
2007-04-25 11:30:14 · update #1
6.9% -- although like the other respondent above, 0% since I pay my entire amount charged each month.
2007-04-25 16:25:27 · answer #1 · answered by enoriverbend 6 · 0⤊ 0⤋
Every time, consumers try to choose a credit card at a lower interest rare.
Most of the time, it is seen that while choosing a credit card, people generally check whether the rate is low or not. But a low rate cannot be the only consideration in availing a credit card. Besides rate, a consumer should heed in other factors as well. Remember, though various credit card companies entice consumers with low interest rates; at the same time, they include various hidden costs and charges with a credit card as well. So, do not only verify the interest rate, but also consider other things while availing a credit card.
Many a time, credit card companies offer low rate for a specific period of time. Such low rates are considered as an introductory offer of various companies. In such cases, check how long the offer will last. After the period is over, verify what the interest rate will be, whether it will be affordable for you or not etc. Read more about it at: http://www.credit-card-gallery.com/article/132,Credit_Card_Rate_Better_Opportunity_At_The_Best_Rates
2007-04-26 05:50:59 · answer #2 · answered by Anonymous · 1⤊ 0⤋
I'm paying 8 1/2%. The reason I'm getting such good interest is that I have a really good credit rating. What this shows is to really clean up your credit rating and you'll be offered a good interest rate. I've heard cards go as high as 18%. I do know that Capital One is offering a card at 10-12% which isn't bad.
2007-04-25 18:37:16 · answer #3 · answered by Terry Z 4 · 0⤊ 0⤋
0% is too high. it means you still have credit cards. The only thing you can do with credit cards that you can't do with a debit card is get yourself in debt.
2007-04-25 20:22:31 · answer #4 · answered by STEVEN F 7 · 0⤊ 0⤋
Zero. I pay my credit card bills in full every month.
2007-04-25 18:34:07 · answer #5 · answered by Anonymous · 0⤊ 0⤋
any were from 10 to 15 is fine..... if you ask me. if your getting under 10 chances are its not fixed. and will probaly go up in 1 year or so...
if you have under 5k in cc debt the interst rate really is not gonna affect your payment that much.
2007-04-25 18:53:28 · answer #6 · answered by Dave 3 · 0⤊ 0⤋
7.99% to 24.99%. 12.99% is average
2007-04-25 19:00:15 · answer #7 · answered by helpme 2 · 0⤊ 0⤋