Credit Cards/ Interest Rate

[groundcontrol_06]

who has em and what is ur interest rate ???


Mine is a $5000 limit @
0% til 08 . 8.9 after that

[groundcontrol_06]

I get a lil nervous w $5000 on my CC ... Even tho i dont use it online im still scared of fraud... Should i pay $11/mth for security or no??? I just want to be safe but i dont understand all the rules of how the CC companies work

[eugenekim.net]

my cc limit is at 14k. my interest rate is high because i have a rewards card (hopefully that's the reason) but i never pay any because i always pay my total balance.

[groundcontrol_06]

Someone explain the APR rate to me... if my card is at 8% do i pay 8% off everything or only if i dont pay in full.. And If i needed to .. Could i put 4k on my CC as a down payment for a new si?? or doesnt it work that way... cuz id love to have 4k down w 0% for 1 1/2 yrs

[Lucky13]

yeah you can do that... I have a couple friends that did that...

[Yodums]

Honda Finance wouldn't let me put a downpayment on a card using a credit card. They cap it at like 1-2K and the rest has to be paid with some sort of cheque or money transfer, etc.

[groundcontrol_06]

Sooo. ive heard mixed things about honda loans... Do they give good rate to ppl w bad credit or better ratesto ppl with good credit... Heres what im looking at when i go to the dealer this week...


I had bad credit, but paid off all debts from my past ( goin back to 98 )

I have made all my car loan payments on time for 11 months

i have made all my CC payments on time and in full for 6 months

I was approved and recieved a CC for $5000 @ 0% interest for 1 1/2 yrs and 8.0% after that..

My credit score was 620 before all i just mentioned

[[IVI]]

You should be fine. A 620 credit score BEFORE all of that is still in the "good" range. Just depends on how many charge-offs and 90+ days late you have. Good luck.

[Cybergypsy]

No Limit=American Express Black

[ventura]

Originally Posted by Cybergypsy

No Limit=American Express Black

Was yours personally delivered, or did they just mail you both cards in the protective case. I think their service has dropped off cuz I got mine in the mail.

[baddceo]

Travel Value Card $20K limit, 7.5%. APR is anual percentage rate. Take that rate divide it by 12, and you get your monthly percentage rate. That rate is used to determine how much the bank charges for basically having a loan with them. Afterall a CC is just an expensive loan. You pay in this case .625 on what ever balance is on the card if it's not paid off each month. Your grace period is usually 28 days or less, if there is a balance on there the interest is charged and added to the balance for the next year.

The kind of card you own should have nothing to do with the interest rate. Travel cards usually have an annual fee for the service but if the bank is telling you the rates are higher because of that, you shouldn't use them.

Carefull on the 0% introductory rate, those are usually only good for balance transfers meaning you are closing another card down and transfering that to their card. It's an incentive because most people who do that, don't pay it off after that 12 month period.

Honda isn't letting you charge more because VISA charges the dealer 3% of that transaction. If you put 4000 on the card for the car, they have to pay visa 120 bucks for that.

[Cybergypsy]

Originally Posted by ventura

Was yours personally delivered, or did they just mail you both cards in the protective case. I think their service has dropped off cuz I got mine in the mail.

Mine was personally delivered, in a velvet box.......but that was a few years back......

[firmhonda]

Originally Posted by groundcontrol_06

Sooo. ive heard mixed things about honda loans... Do they give good rate to ppl w bad credit or better ratesto ppl with good credit... Heres what im looking at when i go to the dealer this week...
...My credit score was 620 before all i just mentioned

I don't know what kind of rate you'll get by yourself.. but this is what I did with my 7th gen. I have bad credit, I don't know how but I do :/
I got a cosigner and kept her on there for 13 months, then refinanced at the same intrest rate I got w/my cosigner, which was 3.9%. The least I've payed on any of my payments has been $50 over, and for some reason I still have bad credit. The only outstanding debt that I have is a hospital bill from the day after my 18th b-day that wasn't supposed to go on my name anyways. They gave me morphine before I signed papers so **** that. I thought I was in a spelling bee

[ventura]

Originally Posted by Cybergypsy

Mine was personally delivered, in a velvet box.......but that was a few years back......

Yes but it feels so good to use it....the power...the awsome power of credit! if it wern't for those pesky payments.

[Cybergypsy]

Originally Posted by ventura

Yes but it feels so good to use it....the power...the awsome power of credit! if it wern't for those pesky payments.

And the yearly fee......... But not many have the Black card....

[Chase]

the black card is my goal. I have a Platunim Mastercard from USAA right now with a $10,000 Limit. I am a 20 year old and my Credit score is 750ish right now. I have never missed a beat on any payments since I was 17..

[firmhonda]

Originally Posted by Chase

the black card is my goal. I have a Platunim Mastercard from USAA right now with a $10,000 Limit. I am a 20 year old and my Credit score is 750ish right now. I have never missed a beat on any payments since I was 17..

Damnit.. I've been trying like hell to do everything possible to get some better credit since I was 18 and I still don't have good credit. I don't understand how you do it..

[DuH-ReL]

Originally Posted by Cybergypsy

No Limit=American Express Black

wow, high roller!