How High Is Too High For Credit Card Interest?
By wmg2006
@wmg2006 (5381)
United States
December 4, 2006 9:56pm CST
How much is your interest? How much is too much? I had a card not long ago that started out at 9% for years then every few months it went up a little until after 4 years it was 22%. I rolled the balance to a lower card then paid that one off and now I am not using any credit cards unless it is an emergency and I am able to pay the balance off by the next month. Look at the rates on Discover and Capital One, they are unbelievable after a few years. So how high is too high for you?
2 people like this
5 responses
@SimplyJo (1694)
• India
7 Feb 07
WHAT ??? 22 % is outrageous girl. I'm surprised you used it in the first place.. for me, i'd say 5 % or more is simply too high ! I'm being very careful with my cards and make sure i pay all bills on time . I know it's not easy to control the urge to splurge on the card but oh well.. either i need to get a better job or better control on my cards. LOL.
1 person likes this
@beckyomg1 (6756)
• United States
7 Feb 07
well actually i have bad credit, which is somewhat my own fault. but i have missed a payment and seen one of my cards go to 29 percent.
1 person likes this
@beyonce03 (2331)
• Canada
7 Feb 07
Here I don't know any credit card that goes lower then 10%.
I have 2 diffents. One a 10% and the other one who was 15 and now 16%.
15% is the highest for me. There is a lot at 19-20% and I think it,s too much.
1 person likes this
