Credit Tips: Credit Card with Varied APR’s

Posted On: April 1, 2006

Author: gameboy
Posted: Fri Oct 07, 2005 3:24 pm
Post subject: Question regarding credit cards with 3 different APRs

If a credit card has 3 different APRs ranging from 10% - 20% (for example, the Chase rebate card), does this mean that they tend to approve people with a wide range of credit scores (instead of just a group of people with a relatively small range of credit scores)? For people with great credit scores, they will get 10%, and for people with not-so-good credit scores, they will get 20%?

For people with lower credit scores, would it be easier for them to get approved for this type of cards?

Author: JaneiR36
Posted: Fri Oct 07, 2005 3:35 pm
Post subject:
Yes, people with poorer credit scores will in fact get worse interset rates. I got 23.99% purchase rate. Intro period for 0% APR balance transfer can also really SUCK! Mine was 3 months instead of the advertised “up to” 12 months.

Can people with not so good credit get it? I can’t really speculate to answer that but I’m sure someone else can help