Comments on: Ask the Readers – What is Your Highest Interest Card? http://www.creditwithdrawal.com/wordpress/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/ Helping You Kick the Credit Habit, One Good Idea at a Time Thu, 31 Dec 2009 04:56:04 -0700 http://wordpress.org/?v=2.8 hourly 1 By: Bonnie http://www.creditwithdrawal.com/wordpress/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/comment-page-1/#comment-1862 Bonnie Tue, 13 May 2008 18:31:04 +0000 http://www.creditwithdrawal.com/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/#comment-1862 My highest-rate card is my Chase Visa, at 17.99%. However, I should have it paid off this month! Then I have to deal with a fairly large transfer balance on another card I already had, but it has a zero percent interest rate until next March. I asked Chase many times to decrease my interest rate. They did reduce it to 15% once, and then increased it again two months later. I have a very high credit score (from all of my years accruing and paying on debt, of course), so I'm not sure why the rate is so high. My highest-rate card is my Chase Visa, at 17.99%. However, I should have it paid off this month! Then I have to deal with a fairly large transfer balance on another card I already had, but it has a zero percent interest rate until next March. I asked Chase many times to decrease my interest rate. They did reduce it to 15% once, and then increased it again two months later. I have a very high credit score (from all of my years accruing and paying on debt, of course), so I’m not sure why the rate is so high.

]]> By: Shanti @ Antishay http://www.creditwithdrawal.com/wordpress/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/comment-page-1/#comment-1846 Shanti @ Antishay Sat, 10 May 2008 22:22:20 +0000 http://www.creditwithdrawal.com/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/#comment-1846 LOL, well... my highest-rate card is my only card (I've been closing them as I've been paying off debt). It's a Bank of America Platinum Visa and the rate is currently at 9%. I just lowered it from 11.4% last winter. This card will be empty and closed next week!!! It's hard to let go of an unsecured $21k line of credit at my fingertips, but after struggling with debt for so many years, it's time to say goodbye to all of the cards! BYEEE!!! :) <em><strong>Shanti @ Antishay's last blog post..<a href='http://feeds.feedburner.com/~r/antishay/~3/286989492/' rel="nofollow">Let’s Use Some Common Sense</a></strong></em> LOL, well… my highest-rate card is my only card (I’ve been closing them as I’ve been paying off debt). It’s a Bank of America Platinum Visa and the rate is currently at 9%. I just lowered it from 11.4% last winter. This card will be empty and closed next week!!! It’s hard to let go of an unsecured $21k line of credit at my fingertips, but after struggling with debt for so many years, it’s time to say goodbye to all of the cards! BYEEE!!!

:)

Shanti @ Antishay’s last blog post..Let’s Use Some Common Sense

]]> By: Shawna http://www.creditwithdrawal.com/wordpress/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/comment-page-1/#comment-1839 Shawna Sat, 10 May 2008 13:54:28 +0000 http://www.creditwithdrawal.com/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/#comment-1839 I have a Chase credit card that was at 14% and then randomly got upped to 29.9% and that is when I paid it off! Supposedly the reason was a change to my credit report but I didn't see anything there as I monitor it. So, go figure. <em><strong>Shawna's last blog post..<a href='http://www.bumblefucked.com/2008/05/10/student-loan-debt-woes/' rel="nofollow">Student loan debt woes</a></strong></em> I have a Chase credit card that was at 14% and then randomly got upped to 29.9% and that is when I paid it off! Supposedly the reason was a change to my credit report but I didn’t see anything there as I monitor it. So, go figure.

Shawna’s last blog post..Student loan debt woes

]]> By: Becca http://www.creditwithdrawal.com/wordpress/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/comment-page-1/#comment-1831 Becca Thu, 08 May 2008 22:41:17 +0000 http://www.creditwithdrawal.com/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/#comment-1831 We have had a roller coaster of credit cards. My current highest is Capital One at 19% (or thereabouts). They won't lower it, absolutely no negotiations available. I have tried. But it is my self-designated medical and work reimbursement card only, and I have only paid interest on it maybe 5 times in 4 years. We had two with USBank, my interest rate was at 18%, hubby's at 32% (over-limit, late payments. stupid guy). We got new ones at the local credit union and my interest rate is at 9.5% and his is 11.25%. We do carry a balance on mine, but are working on paying it off. (They also won't lower the rate any. It is tied to corporate, who sets the rates, regardless of the Fed.) But I like having a credit card at a local institution rather than a "regular" company. They treat me much better. They only charge interest if I have a balance on the day it is due, even if I paid it off the day before it was due, unlike the big companies who use double-cycle billing. We have had a roller coaster of credit cards.
My current highest is Capital One at 19% (or thereabouts). They won’t lower it, absolutely no negotiations available. I have tried. But it is my self-designated medical and work reimbursement card only, and I have only paid interest on it maybe 5 times in 4 years.
We had two with USBank, my interest rate was at 18%, hubby’s at 32% (over-limit, late payments. stupid guy). We got new ones at the local credit union and my interest rate is at 9.5% and his is 11.25%. We do carry a balance on mine, but are working on paying it off. (They also won’t lower the rate any. It is tied to corporate, who sets the rates, regardless of the Fed.) But I like having a credit card at a local institution rather than a “regular” company. They treat me much better. They only charge interest if I have a balance on the day it is due, even if I paid it off the day before it was due, unlike the big companies who use double-cycle billing.

]]> By: Dedicated http://www.creditwithdrawal.com/wordpress/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/comment-page-1/#comment-1829 Dedicated Thu, 08 May 2008 20:48:09 +0000 http://www.creditwithdrawal.com/2008/05/08/ask-the-readers-what-is-your-highest-interest-card/#comment-1829 Although I am a regular credit card user - unlike most, I have no idea what my interest rate is. I can't even remember the last time I paid credit card interest. I guess that means I don't care. Love IT! Paying it off every month makes these items useless. <em><strong>Dedicated's last blog post..<a href='http://www.dedicated2financialfreedom.com/2008/05/40-day.html' rel="nofollow">40&#162 a day</a></strong></em> Although I am a regular credit card user – unlike most, I have no idea what my interest rate is. I can’t even remember the last time I paid credit card interest. I guess that means I don’t care. Love IT! Paying it off every month makes these items useless.

Dedicated’s last blog post..40&#162 a day

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