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The average credit card interest rate is 24.8%. LendingTree.com says you usually get a lower rate if your credit score is good. But if you aren’t getting a break, you should ask for a lower rate, even if it’s a point or two.
The average credit card interest rate is 24.8%. LendingTree.com says you usually get a lower rate if your credit score is good. But if you aren’t getting a break, you should ask for a lower rate, even if it’s a point or two.
When you do the math it adds up. LendingTree.com gives this example:
READ MORE: https://www.wfmynews2.com/article/news/local/how-to-beat-your-credit-cards-high-interest-rate-pay-a-little-more-janet-adams-debt-sucks-university-lending-tree-says-ask-for-better-rate/83-69159910-8433-4a74-826b-a80d925f3adb
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1 comment
I pay no attention to what the credit card interest rate is, and the reason is I pay whatever the charges are when I get the bill from the credit card company. I applied recently for a Walmart credit card and was approved almost instantly and I know that the interest on the credit card is 19.9% and it's much higher if you get a cash advance. They will not be making any money off of me from interest. Most people don't realize that the merchant where you're buying things pay the credit card company anywhere from 2 to 3 1/2% because you used the card. That is between them and the merchant. If you pay a payment each month and pay some against the principal you would be stunned at how fast you can get it paid off. Don't buy things that you don't need on a credit card.