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Topic How much should I pay in interest?
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By taby-f
On 11/03/00
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I'm new at this whole credit card thing. I have no credit history. I'm planing on trying to get a department store credit card before I apply for a major credit card. However, I would like to know how much APR is too much. I know I won't be able to get a really low APR%, but I don't want to get ripped off by really high % either. What is the lowest I can get away with?
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By clark
On 11/03/00
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You should be able to find a card with an APR between 17% and 21%. Keep in mind that if you plan to pay off your balance each month the APR really doesn't matter.
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By taby-f
On 11/04/00
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Thanx Clark, That is exactly what I wanted to know. :)
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By The_Insider
On 11/07/00
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This is true as long as the card has a grace period. Some cards don't, so watch out and read the terms carefully before you apply.
The_Insider
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your questions are answered by the gromco team and card users like you
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