How do you decide how high is too high when it comes... - Limited/Bad/Fair Credit Questions

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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » How do you decide how high is too high when it comes to APR?

How do you decide how high is too high when it comes to APR?

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Well, you will definitely not want to have a credit card with the 30% APR, and such cards do exist. The APR of 24% is also quite high, but it is common for credit cards that are offered to people with bad credit. However, it is possible to avoid interest payments on purchases by paying of the entire card balance each month by the due date. As a rule, you are given 21-25 days (a grace period) to pay off the card’s balance.  So, you may have a credit card with high interest but do not pay it at all. Just remember that it counts only for purchase transactions. Cash advances and balance transfers do not have the grace period.

All credit cards terms, fees and rates mentioned in this article/post are actual on the posting date. See the current products’ Terms & Conditions on the issuing banks' websites.
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