What is a good Credit card rate?

Question

i would like to know what is a good apr rate, and what does apr mean? is that the interest?, and i'm new to credit, anyone know a good online place where to get a credit card like mastercard, discover, american express? thanks

i dont want mean answers please.........and if you do, your probably the ones who are thousands in debt

Answer 1

APR is the anual percentage rate, or yearly interest rate in plain english. A good interest rate for a credit card is anything below 10%. Citibank has a the lowest interest rate credit cards. Capital one has low interest credit cards for people with no credit.

Answer 2

If you are a first time credit user (no loans or utilities), chances are that the APR is going to be high. Like in the 19 and 20%. Only after years of paying on time and using credit wisely will you be able to get a lower rate. Caution: Some credit cards will send you deals in the mail for a low interest rate, look for the fine print, that deal will only apply for people with good credit, probably not somebody who has no credit.

Answer 3

If you have good established credit, you can get a card for 6.9% APR. That is a really good apr.

For new credit card customers, your rate will be higher, but you can still get a rate at around 12% if you look around.

APR stands for annual percentage rate. Basically, it works like this:

If you owe $100 on a credit card with a 12% APR, then you will pay $12 for the year [ Because 12% of $100 is $12] in interest. Since you pay monthly, that is divided by 12 (since there are 12 months in a year), so you pay $1 a month interest on $100 of debt with a 12% APR.

Hope this helps.

Answer 4

I got my first credit card about a year and a half ago, and my first card was from Citibank. The apr was about 15%, which is pretty high, but that's normal for a first-time credit user. APR is annual percentage rate- it's the finance they charge you if you don't pay off your entire balance every month. This is very important! Always try to pay it off every month so you don't have to pay finance charges.
I would recommend Chase because they've been pretty good with me. They raised my credit limit from $300 to $700 after about a year. Right now my apr is about 12%, and the rate can always be negotiated down after you show you know how to handle credit.

Answer 5

A good rate or reasonable is around 13% for those with a credit history. However for first time users, it will be higher.
Below is a good place to start looking for credit cards. However, what you can also do is join a credit union. The rates that they charge are better than those with introductory rates, as their rates are for their members and not for stockholders.

Also, as you are preparing to enter the world of credit, check how you can avoid the pitfalls of credit cards.

Answer 6

It relies upon unquestionably. it is going to help you in case you have varied enjoying cards and you're merely last a number of them down regardless of if it could decrease your score if the cardboard you're last has an prolonged credit historic previous. i could recommend to call BofA first and attempt to barter the 24% APR. Do you have a stability? because of the fact in case you pay it off in finished each and each month, then the APR won't impression you besides. additionally, 0% is astounding yet it is merely an introductory fee, i could first discover out what the fee is going as much as as quickly as the introductory era is over.

Answer 7

0% is the best, but they're usually just introductory offers.

generally, anything less than 10% is good.

any bank's website should offer visa or mastercard. for american express go to www.americanexpress.com and for discover card go to www.discover.com

Answer 8

7 TO 13%

Answer 9

Keep it paid off each month. It will be 0%.

Pay EVERYTHING ON TIME--or the card will raise your rate.

Answer 10

24.3%