I am curioius to know what everyone thinks about interest rates. What would you say are high, middle, and low interest rates. What are your current interest rates?
I consider anything under 9.99 low, 10-14.99% mid, and anything over 15% to be high. Just my opinion. Dani
I think anything below 9.0% is low and anything above 16.9% is high..Anyone with cards below 7% must have beacon scores in the mid 700's so there for I will not have a card like that for 10 more years
Nah my citibank is 5.9% based on prime rate. Best rate i have. Others are around 9%-14%. Guess which i roll my balances on?
For balance transfer only, I have Chase at 3.99, and Blue at 9.99. On my active cards, the best are Universal (6.65) and Citi at 7.99. The others range from 10.24 to 14.99. Of those, I consider everything from 12.6 down to be pretty good. 13.99 -14.99 are average. NextCard is at 18.99, and that's ridiculous.
For revolving credit at the moment, anything above 9.9% is too high, in my opinion. That may change in a year, so I think it is important to square away as many low fixed rates (at 9.9% or lower) as possible for future use. My current fixed non-introductory rates are 8.9%, 9.9%, 12.9%, and 18.9% apr. My current promotional/BT rates are 0%, 3.9%, and 4.75% (prime) apr. All of my revolving debt is currently at 0% apr through November. I've found that the companies offering the most attractive intorductory interest rates and flexibility wrt negotiating lower interest rates on established accounts are: Citibank, Capital One, and Bank of America.
