What Credit Card Interest Rates Are You Guy Getting?

I wonder if this should have been posted in The Stomp Box.

Be a buzzkill and bring up credit card debt in the Show Us Your Pedal Board thread.

 

I don't know the exact rates on mine, but they're both over 15%. I could probably get it lowered for the asking, but it's good incentive to keep it paid off every month. I use one for almost everything to earn travel miles. I don't have annual fees or carry balances on any card I have. I wasn't always this wise, but I learned.

I used to use my debit card a lot, but no more. Now that my bank offers ATM access via a phone app, I don't carry it any more.

But yes, the rates are almost universally high. Why? 'Cuz they can.

 

I think i'm currently only getting a slight reaming on my credit card. I'm sure that will increase over the coming months.

 

Got rid of the cards years ago. To all who've said they have them but pay them off in full each month so the interest rate doesn't matter...good luck, friend! The problem is that all it takes is a serious illness, layoff, accident, etc....miss one payment and the rate maxes out, and all of a sudden you can't pay the payment, and it's a death spiral. "Oh, that will never happen to me."
Oh, okay...

 

Zero percent. For the next 18 months. My car loan interest rate was zero, too. It took a long time for me to be able to get those rates.

 

Which is outrageous. (at least, the offer they sent me-- something like $500!? lol, suuuuure...)

 

The lowest I've seen or been offered is 14.6, but the rewards were not as good, so I passed. I think the average (from googling) is like 17. The answer to your question (since you only wanted a specific answer) is easily found using google. then, no one can venture afield on their answer!

 

In defense of the OP, how he uses his cards is his thing.

I pay mine in full each month, always have and always will because I will always be able to afford to.

Not everyone can. Those who have none apparently never use the airlines, rent a car, stay in modern lodging or do any number of contemporary things. Just sayin’.

 

Bye!

 

I don't have a clue. I pay mine off and use the cash back to pay for my Chibsons.

 

Just looked mine up. 19.9%. It’s paid off in full each month and I needed a card that gave me the best exchange rates for foreign travel.

You’ve been on here a lot longer than me so I’m fairly sure know that’s not how this works.

 

Yes, but there are times when you might really need credit or should be aware.

I’m pretty sure the two we use are still 17% for COSTCO’s Visa and the REI MasterCard is or was variable at 13-14% to about 25% based on your credit score and payment history. Those two have been good. We’re not flying as much as we used to and the airline perks didn’t seem as good so we switched from airlines’ cards. Especially after looking at fees and benefits for both.

More and more I don’t want to give my credit card number out so Apple Pay and PayPal have become more of a thing. I did look at the Apple card briefly but haven’t made changes. COSTCO is hard to beat when you have 3 teens and live about 1.5 mi from a location. REI has a good card and we have an active lifestyle so it is nice to have the higher dividend with your coop membership. REI dividends are cash value or cash and they sells state rec passes so I’ve bought my state rec passes there and use the dividends for a quality purchase.

The times when credit was important I went to bank and credit union vs ring up credit card debt. Examples would be a time near home buying or repair when I took super low interest for car and put a car’s worth of cash toward home purchase and repair and looked at refinancing our mortgage.

Regardless of your rate you should get cards with Apple Pay and use Apple Pay because your transactions are not giving the merchant your credit card number.

 

Les than 15% but interest rates on Savings around 1%.
If you pay off your credit Card bill within 5 days of receiving, which I plan to on a Boss Katana- zero%
Our interest rates have never been lower in my 60+ years of life.

 

No clue. Use it for everything. Use the points for nearly all Amazon purchases.

 

0%, I have no credit cards, car loans, bank loans or mortgages. Paid everything off 6 years ago. I even have a little money in the bank. Not rich but very happy.

 

I went to the internet and all I got was stuff I didn’t want.

 

Which one is this?

 

I don't know how you people put up with rates up to 18%. I pay 5 1/2 to 6 1/2%. Years ago I needed money for my business so someone turn me on to a lawyer in town who was lending at 14% and, at the time we called that "hard money". I didn't go for it. Somethings wrong if your paying over 10%, maybe your a slow or no pay kind of customer.

 

They offered you a credit card for company expenses and you told them to shove it? Why? And how is one able to tell their employer to shove it and keep the job?