- Centurion Member
- Posts: 410
- Joined: Wed Jun 04, 2014 1:06 pm
- Location: Chicago
23.99% is a high APR indeed, but not necessarily too bad.
First, Kohl's card only has this APR available in application, contrary to Chase or Citi, for example, generally having a range of APR on select products prior to giving decision. Comenity and SYNCB which are both major issuers of store cards usually use single APRs that can be high. In that case, it is not an indication of your creditworthiness.
Second, if you pay in full every month, then APR is not something that worries. If you don't, though, then it's indeed something high which makes you cost more than other lower APR cards. It could be bad if you have to pay hefty interest on that.
Citi Forward Visa $5000 10/2012 | American Express Blue Cash Everyday $8000 2/2014 | Discover it $7000 5/2014
Chase Freedom Visa Signature $7000 6/2014 | Citi ThankYou Premier Visa Signature $5000 1/2015