Why are interest rates so different across cards?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
2 posts
Posts: 1
Joined: Tue May 29, 2012 2:22 pm
Location: San Francisco CA

Why are interest rates so different across cards?

Postby jaymonk » Tue May 29, 2012 2:26 pm

I have noticed that credit cards have large variable APRs like 10-20%. What is the deal with that? How do I know what my interest rate will be?

Centurion Member
Centurion Member
Posts: 131
Joined: Sun Oct 30, 2011 6:06 pm
Location: NC

Postby m20e3087 » Wed May 30, 2012 3:39 pm

All depends on you credit score and credit history. People with excellent credit score and history will qualify for 10% APR vs a good score will from 10% to 20%.
American Express: Blue Cash Everyday & Platinum

Visa Signature: BankAmericard Travel Rewards, Chase Freedom Unlimited, & Chase Sapphire

Visa Infinite: Chase Sapphire Reserve

Return to “Finance Charges & APR Compare”

Who is online

Users browsing this forum: No registered users and 3 guests