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A general rule is: If the APR is higher than 30%, stay away. Credit Unions are a good option. Federal credit unions are prohibited from charging interest rates higher than 18%.

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12y ago

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Related Questions

How does interest free credit cards benefit people?

Interest free credit cards benefit people by making it impossible for them to run into credit card debt. Even if they keep a balance on their credit card, which is most people.


Is it difficult to obtain a low interest rate credit card with bad credit?

Credit card companies provide people with credit cards on the basis that they will earn money from the interest a customer repays. If you have a history of bad credit it is unlikely that you will be able to own a credit card with a low interest rate, as providing you with a credit card seen as a higher risk to the company providing it.


Can you write off credit card interest on your taxes?

Is there a way to write off credit card interest on corparation credit card?


How can I find out my credit card interest rate?

You can find out your credit card interest rate by checking your monthly credit card statement or by contacting your credit card issuer directly.


Is the interest rate on this credit card variable or fixed?

The interest rate on this credit card is fixed.


How can one purchase a credit card with bad credit?

One can purchase a credit card with bad credit by making an application to the following companies: Vanquis, Capital One, Aqua, Barclay Card, Luma. One should note that interest rates might be higher than usual.


How do I find out my credit card interest rate?

To find out your credit card interest rate, you can check your most recent credit card statement or contact your credit card issuer directly.


What is an advantage of having an interest rate credit card?

The advantages of having a credit card with an interest rate is it helps build one's credit faster. The higher the interest rate of the credit card, the higher the credit score.


What is the interest on an express credit card?

The interest on an express credit card is 8.7%. They are not a very good alternative to a regular credit card such as a visa or mastercard because the interest is very high.


Why is it people with poor credit scores can still get credit cards?

Because high interest is a bonus for the credit card business.


What is the lowest credit card interest rate?

The lowest credit card interest rate at the moment is 7.8%. The credit card that offers 7.8% is Sainsbury's Nectar Low Rate Credit Card. One can find low interest credit cards from the Money Supermarket website.


What is the interest rate on hsbc credit card?

The interest rates on a HSBC credit card can vary, depending on your credit rating. The rates on the HSBC credit card can range from, 11.99% - 18.99%.