What is a good interest rate for a credit card?

[miri]

What is a good interest rate for a credit card?

 

[Atomic Rooster]

9%

 

[SXMP]

The hope is, that you'll never need to use that interest rate. Pay your bills on time, never buy anything you don't explicitly have the money for, and APR's won't matter.

 

[Evadman]

Originally posted by: SXMP
The hope is, that you'll never need to use that interest rate. Pay your bills on time, never buy anything you don't explicitly have the money for, and APR's won't matter.

Exactly.

 

[handoverfist]

5.9%

 

[KingNothing]

Originally posted by: SXMP
The hope is, that you'll never need to use that interest rate. Pay your bills on time, never buy anything you don't explicitly have the money for, and APR's won't matter.

This man speaks the truth.

FWIW, both of my credit cards have ~10% interest. I wouldn't know except it's printed at the bottom of all my statements though. I think it was higher to start out.

 

[PoPPeR]

below 10%

I think mine is 22% or something (first credit card, wells fargo platinum visa)

 

[andylawcc]

you are worrying about the wrong number... the correct number you should care about are the Due Dates and the money left in your wallet.

 

[RossMAN]

6.9% or less

You should either:
1) Take advantage of a 0% - 1.9% balance transfer offer
2) Pay off your balances in FULL every month.

 

[dionx]

my best interest rate is 7.99% on an Amex Blue, though currently i'm using the 0% intro from that card and also my Amazon.com Visa for my recent larger purchases. my other Visa and Mastercard credit cards are 10.9% and 11.99% respectively, but i pay those in full every month.

all cards but the Amazon card is fixed rate APR. eventually, once my 0% interest rate expires, i'd like to drop my Mastercard at 11.99% and get something with 4.9% or less.