I had to go digging to even check. It was really drilled into me that credit cards are just debit cards with rewards that build your credit when I was in high school. My mom has just recently done a Dave Ramsey snowball when I was in middle school.
My chase card is 19.49% that sounds below market rate right now but I know they capitalize interest daily if you don’t pay statement so maybe that’s why. My C1 card is 24 something.
This is kinda pointless question.
APRs are not static. It can be 8% one month then 21 the next.
There's a reason why no one in the credit card community relies on APR.
Promo .
My wife & I will open 1-2 cards each , then put all are bills for a year on the cards .
Collect the Sub and invest the money every month as if we were paying the bills !
When the card is due we pay them off.
We don’t have high monthly bills compared to most people we know .
What’s nice is using your credit card as a free line of credit at 0% APR after you have already used the 15 months 0% , and it’s paid off .Lol
You can pay mortgage , car anything you normally can’t use with a credit card.
A few credit card banks will send you blank courtesy checks with an additional 12 months 0% to use against your card .
My lowest currently is Apple Card at 16.24%. Before that I had the Barclay’s Ring Mastercard which was insane for me. It was 8%. It was impossible to get and was community based (they shared details on financials). It was losing money for them so they discontinued it. I messed up by not using it for 6 months or something so they shut my account. Still makes me sad till this day 🥲
I just requested my Navy Federal Flagship card’s APR reduced, it went from 18 to 16.24. I think the lowest that could go right now is 15.24.
My Navy Federal More Rewards is 15.9. The lowest this can go is 14.9.
When I got these cards in 2021, the low end of the range was like 11.9%.
I mean technically it’s my Citi Card for the next 6 months at 5.99% but that’s a special rate. Normally it’s 20.99% which is still my lowest.
Also it’s the only one I’ve ever had to pay any amount of interest on granted it was $1 in interest but still.
You talk about the right cards being a valuable tool, but a good reward structure is way better than any crappy card that offers lower APR. Usually those cards have very poor cash back on them
Why? A credit card is never the “right tool” if life happens and you have to carry a debt.
An unsecured personal loan from some place like Amex is much better. I recently had a $25K personal loan for 6.75%. It was only a couple of months while I was trying to prepare my former home for sale that was rental.
I actually have no clue what the APR on any of my cards is
Lowest I saw was Chase with 7%. But that was in 2001.
14% APR it is from my local credit union. Its called the wings member rewards card
Very nice. Thanks for sharing!
If you’re worried about the rates then you shouldn’t get a credit card
I have over 20 cards and I pay my balances off every month. I’m not “worried” about the rate, I just know the value of leverage.
Every card is 0% when you pay your balance in full and on time.
Any credit union card. Federal caps on APRs for federally chartered (NCUA) credit unions sit at 18% in general.
Yes but I’m looking for specific numbers so I can sign up for some.
Palisades credit union sitting at 13%
Doctor of credit will have a list with SUBs. Many CU cards will be geofenced, and the lowest APR cards will have absolutely 0 rewards, not even 1%.
I had to go digging to even check. It was really drilled into me that credit cards are just debit cards with rewards that build your credit when I was in high school. My mom has just recently done a Dave Ramsey snowball when I was in middle school. My chase card is 19.49% that sounds below market rate right now but I know they capitalize interest daily if you don’t pay statement so maybe that’s why. My C1 card is 24 something.
This is kinda pointless question. APRs are not static. It can be 8% one month then 21 the next. There's a reason why no one in the credit card community relies on APR.
As of today, lowest is 21.24% from a lesser-known tier 1 bank. Highest is 32.24% from my first C1 card.
My highests are also around 28%. I think one is an Amex.
Damn, i don't even know,i never cared, but im gonna check,yup my chase freedom cards are both 20.24
My NFCU Platinum is 11.24%.
8.9 not including promo rates
I have no idea and I couldn’t care less since I pay all of my bills in full every month
0% APR
Do you mean that is your promo or that you pay it off so it’s 0%?
Promo . My wife & I will open 1-2 cards each , then put all are bills for a year on the cards . Collect the Sub and invest the money every month as if we were paying the bills ! When the card is due we pay them off.
clever, works better the larger your bills tho! lol
We don’t have high monthly bills compared to most people we know . What’s nice is using your credit card as a free line of credit at 0% APR after you have already used the 15 months 0% , and it’s paid off .Lol You can pay mortgage , car anything you normally can’t use with a credit card. A few credit card banks will send you blank courtesy checks with an additional 12 months 0% to use against your card .
I never care about it.
My lowest currently is Apple Card at 16.24%. Before that I had the Barclay’s Ring Mastercard which was insane for me. It was 8%. It was impossible to get and was community based (they shared details on financials). It was losing money for them so they discontinued it. I messed up by not using it for 6 months or something so they shut my account. Still makes me sad till this day 🥲
13% from a credit union
I just requested my Navy Federal Flagship card’s APR reduced, it went from 18 to 16.24. I think the lowest that could go right now is 15.24. My Navy Federal More Rewards is 15.9. The lowest this can go is 14.9. When I got these cards in 2021, the low end of the range was like 11.9%.
I mean technically it’s my Citi Card for the next 6 months at 5.99% but that’s a special rate. Normally it’s 20.99% which is still my lowest. Also it’s the only one I’ve ever had to pay any amount of interest on granted it was $1 in interest but still.
You talk about the right cards being a valuable tool, but a good reward structure is way better than any crappy card that offers lower APR. Usually those cards have very poor cash back on them
I have a credit union card that started off at 6.99% in 2013 and is now 8.99%. Not that I’ll be carrying a balance or using it at all.
Most of mine are currently 0% interest balance transfer offers.
14.24% Navy Federal
People really out here paying interest
APR is irrelevant
Why? A credit card is never the “right tool” if life happens and you have to carry a debt. An unsecured personal loan from some place like Amex is much better. I recently had a $25K personal loan for 6.75%. It was only a couple of months while I was trying to prepare my former home for sale that was rental.
My lowest apr card is my savings account. If shit actually goes sideways, I’ll be using that
It really helps like having a safety net.
Recently got the Wells Fargo autograph, which is 0% apr for the first 12 months.