What is a good interest rate on a credit card? | TigerDroppings.com

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Giantkiller
LSU Fan
the big Bee Reezy
Member since Sep 2007
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What is a good interest rate on a credit card?



We have 2 cards with really no balance. Both with chase. One is 12.24% and the other is 13.24%. We supposedly have excellent credit. Are these rates worth a shite or should I call up and yell?






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Croacka
UNLV Fan
Denham Springs
Member since Dec 2008
51549 posts

re: What is a good interest rate on a credit card?


Shouldn't carry a balance so it shouldn't matter but those seem par for the course for most cards


I'm still holding on to a BOA card with 5.9 I got about 10 years ago






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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
32530 posts
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re: What is a good interest rate on a credit card?


If you don't carry a balance, why does it matter? That said, some credit unions offer credit cards at around 7%.





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TheIndulger
Longwood Fan
Member since Sep 2011
10630 posts

re: What is a good interest rate on a credit card?


Doesn't matter what your rate is if you don't carry a balance month to month





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Giantkiller
LSU Fan
the big Bee Reezy
Member since Sep 2007
2895 posts
 Online 

re: What is a good interest rate on a credit card?


Well I guess, what if we did end up carrying a balance? I got some little home remodels I gotta do that's not really worth getting a home equity line/loan. I probably wouldn't carry the balance long.





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Croacka
UNLV Fan
Denham Springs
Member since Dec 2008
51549 posts

re: What is a good interest rate on a credit card?


You could get a rewards card with an introductory zero rate for 12 months or so





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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
41805 posts

re: What is a good interest rate on a credit card?


quote:

Shouldn't carry a balance so it shouldn't matter






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Ortho Reb
Ole Miss Fan
New Orleans, LA
Member since Dec 2011
9087 posts
 Online 

re: What is a good interest rate on a credit card?


Those are actually good rates for recent cards! I have a great score, and mine are a lot higher than that!







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brewhan davey
USA Fan
Audubon Place
Member since Sep 2010
25663 posts

re: What is a good interest rate on a credit card?


quote:

If you don't carry a balance, why does it matter?






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LSUSkip
LSU Fan
Walker,LA
Member since Jul 2012
1878 posts

re: What is a good interest rate on a credit card?


I had one, wife forgot to pay on time a few months ago, shot up to 27%. Tried to get them to lower the rate and they wouldn't. We aren't doing business with Cap1 anymore..........





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wildtigercat93
LSU Fan
Hammond, LA
Member since Jul 2011
43924 posts
 Online 

re: What is a good interest rate on a credit card?


Paying with cash





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Paul Allen
USA Fan
Baton Rouge, LA
Member since Nov 2007
29350 posts

re: What is a good interest rate on a credit card?


They did this after just one late payment?





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saderade
New Orleans Saints Fan
America's City
Member since Jul 2005
21164 posts

re: What is a good interest rate on a credit card?


Those rates are pretty good actually but you shouldn't be carrying over any money. Save up until you can afford to remodel





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wegotdatwood
Arkansas Fan
Member since Aug 2009
17094 posts

re: What is a good interest rate on a credit card?


I have zero idea what mine are. Always pay in full.





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TigerDonk
LSU Fan
BR
Member since Dec 2011
646 posts
 Online 

re: What is a good interest rate on a credit card?


Skip, if this happened in the past 12 months she's missed multiple payments. By law if you are late on only 1 payment then pay on time w/ in 6 months they cant use the default interest rate.

Also bankrate.com lists the avg interest rate offered if you were in the market for a card today. Most of the rate depends on timing and market prime rates.






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LSUSkip
LSU Fan
Walker,LA
Member since Jul 2012
1878 posts

re: What is a good interest rate on a credit card?


It was over a year ago. We haven't had a balance on credit cards since Feb.





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WPBTiger
LSU Fan
WPB, FL
Member since Nov 2011
3986 posts

re: What is a good interest rate on a credit card?


quote:

I have zero idea what mine are. Always pay in full.






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Mizzoufan26
Air Force Fan
Norfolk you buddy!
Member since Sep 2012
7910 posts

re: What is a good interest rate on a credit card?


10.9 is what both of mine are, use USAA though which is good to us.





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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
30154 posts
 Online 

re: What is a good interest rate on a credit card?


quote:

Well I guess, what if we did end up carrying a balance? I got some little home remodels I gotta do that's not really worth getting a home equity line/loan.


You should get a home equity line even if you don't need one. It's good to know that if you really need $20K tomorrow you can get it.






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kywildcatfanone
Kentucky Fan
Wildcat Country!
Member since Oct 2012
18756 posts

re: What is a good interest rate on a credit card?


0%





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