The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Ever heard of the 30% rule? FICO Date:  8/22/2019  3:59 PM
Author:  vkg Number:  312607 of 312702

Yes, the interest rate a card could charge is irrelevant if one pays the balance each month.

I wouldn't put it that way. You have some control of the interest rate. If you want a lower interest card and your credit is good, you can seek out a card with a lower interest rate. If the credit card company raises the interest rate even though you are paying the balance each month, then find a new card.



The effort is worth it to you but not for me. I look for the card that gives me the best benefits and ignore the interest rate.
Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us