How bad is a 24% apr rating on a credit card?

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tk	How bad is a 24% apr rating on a credit card?

MOM KNOWS EVERYTHING

It's AWFUL. Don't go for it.

Amanda H

29.99% is the worst I've seen 19-24% is more common then people make it out to be-- its sort of standard. You want below 12%.

OldSchool

Terrible, that is way too high... Pay it off and try to transfer it to a different bank with a lower rate... Don't close the account though that will drop your credit score a few points..

if U are paying 24% APR Ur credit is real bad...... what ever U buy will cost a whole lot more..... if U can get a co-signer and keep Ur payments up.... that will help Ur credit score....

Melissa

Very bad!! Get one that starts at 0% APR. Unless you pay the entire amount each month, if you do that you wont be charged any interest at all.

elysia & austin's mommy

I am going to tell you a little story to emphasize how terrible it is. I got hosed on a car loan....bad a $4000 loan with a 29% interest rate. I payed on the loan for 8 months and didn't even pay 400 (with payments of 250 a month) towards the principle of the loan.

OUCH!! Luckily I got out of that situation and the company I got my new car from valued my car as a wash so I'm not upside down. But be careful before you sign on the dotted line! I knew 29% was bad but I didn't realize until I saw it in writing. This is how these credit card companies make their money!! Be very careful so you don't get screwed!!! Good luck!

KMGSP

Pretty bad. Usually if you have young credit you kinda have to bite the bullet just ot get your credit score up. You can get the card and pay the charges before 26 days and then you'll miss the finance charge, and still build your credit. Or you can just wait. Try Chase they have awesome deals.