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Knight2008

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  1. IME, I find that I generally tend to miss the days (maybe it was about or around a decade ago?), when it was still possible and relatively easy to get a card with low, single digit and fixed APRs, which may or may not have had a rewards program built into them. It's now pretty much near-impossible to do with the banks, unless you're grandfathered under an old fixed-rate card APR structure that was also fortunate enough to survive CARD Act. There are CUs now where you can even now get a single-digit, fixed-rate card, some with rewards, but your FICO scores seem to need to be sky-high for the large part in order to qualify. That's the issue that credit cards with rewards begin to introduce: yes, you can get much more generous and robust rewards, but the flip side of that is that interest rates tend to be anywhere from 20% - 30%+. Personally, I prefer the best of both worlds -- low, fixed APR + rewards -- and if the rewards need to be a little less-generous for my cards in order for that to that to be viable for me, I have no issues or complaints. why in the world would I care about APR? If APR matters, there are plenty of cards with <11% APR out there. also, what mainline card (not a store card) from a prime issuer has a standard APR over 30% Interesting, I seem to remember that some years ago (from when I used to able to post more frequently here), I remember you possibly having an Ameriprise card that had an APR of somewhere around 4.XX%, which at the time you seemed to be pretty happy with in terms of the APR? Also that back then as well, some posters on CB used to have Merrill+ cards with APRs as low as 5.9% fixed, and other similar low-APR cards that they appeared to be quite keen on as well? So I am assuming that CB posters today may no longer really be as much of a fan of trying to get their APRs as low as possible, as they may have been in times past?
  2. Amex BCP? How much do you spend on groceries each month. Another member of the family does just about 90% of the monthly grocery shopping, so I usually don't spend too much on groceries. The only Amex card I currently have runs on the Amex network, but is not issued by Amex itself. I did a few times consider applying for the Amex BCE, but IIRC, the lowest they were willing to go on the APR was ~13.49%, so I didn't end up applying for it. If you care about APR, you're doing it wrong. APR and rewards don't necessarily have to be mutually-exclusive, in mho My ideal credit card is one that has a low APR and rewards together as part of the same package. Can be very rare and hard to find I know, but sometimes well-worth the search, if you can potentially find one.
  3. IME, I find that I generally tend to miss the days (maybe it was about or around a decade ago?), when it was still possible and relatively easy to get a card with low, single digit and fixed APRs, which may or may not have had a rewards program built into them. It's now pretty much near-impossible to do with the banks, unless you're grandfathered under an old fixed-rate card APR structure that was also fortunate enough to survive CARD Act. There are CUs now where you can even now get a single-digit, fixed-rate card, some with rewards, but your FICO scores seem to need to be sky-high for the large part in order to qualify. That's the issue that credit cards with rewards begin to introduce: yes, you can get much more generous and robust rewards, but the flip side of that is that interest rates tend to be anywhere from 20% - 30%+. Personally, I prefer the best of both worlds -- low, fixed APR + rewards -- and if the rewards need to be a little less-generous for my cards in order for that to that to be viable for me, I have no issues or complaints.
  4. Amex BCP? How much do you spend on groceries each month. Another member of the family does just about 90% of the monthly grocery shopping, so I usually don't spend too much on groceries. The only Amex card I currently have runs on the Amex network, but is not issued by Amex itself. I did a few times consider applying for the Amex BCE, but IIRC, the lowest they were willing to go on the APR was ~13.49%, so I didn't end up applying for it.
  5. My personal preference is for AF-free, single-digit APR cards with cash back rewards (relatively hard to find and rare, but there are a few CU ones out there, even a few with fixed-rate APRs). I hardly ever travel, so AF cards don't really make that much economic sense for me.
  6. It may depend on the exact timeframe you're examining, as to whether APR matters in terms of rewards cards. Prior to CARD Act when most rewards cards offered a standard or typical 1% cash back rewards structure, IIRC most rewards cards carried significantly lower interest rates than they do today. For example, back then you could still find a lot of single-digit APR cards with 1% rewards offerings. Not so today, as the basic rules of the game have changed -- today, rewards cards offer much more generous benefits, but the side effect is that they also have high APRs, and also usually much higher AFs. One reason I mentioned that am "old school" when it comes to APRs is because I prefer the previous generation/iteration of rewards cards with lower APRs and no AFs. So in terms of context and perspective, I am happier with the example card I had mentioned that offers 7.5% F APR + 1.5x points, since that kind of rewards structure hearkens back to the earlier rewards cards that were available, rather than the present rewards environment. Different strokes for different folks and such -- some people may be happier with cards with higher rewards thresholds and the higher APRs and AFs that come with them; others may prefer less rewards but also much lower APRs and no-AF cards. Somehow I doubt that the CSR card, for instance, would work universally or uniformly well for every single household in the U.S. The CSR is not a one-size-fits-all card. It is more targeted for a certain demographic, less so for others.
  7. Not technically listed in the mass media, but here are some cards advertised online that I can think of (I have a few of these cards myself, some you need a high FICO to get the lowest APR): 1. https://www.western.org/variable-rate-visa-credit-card (as low as 5.24% V) 2. https://www.premieramerica.com/loans/credit-cards (as low as 7.50% F) 3. https://www.western.org/fixed-rate-visa-credit-card (as low as 8.99% F) 4. Barclay Ring (8.25% V) Most people interested in rewards don't care about APR. If you do, you're playing the game wrong. ... I am admittedly very old-school, when it comes to APR Even with rewards card, and even if I PIF and don't carry a balance on them, I still prefer having an option to carry a balance at a single-digit interest rate, should I elect to or choose to. Almost all of my rewards cards are PIF monthly (since rewards cards below 10% can be hard to find), with a few exceptions where the APR is so low that in some cases, the carried balance is small enough that the annual interest incurred is less than the annual cash back rewards I am receiving. You are leaving a lot of rewards on the table then. There's no reason you can't have both the best rewards cards AND some low APR cards. Using a 1.5% cash back card though is nothing special. I don't travel every year, sometimes I may go for anywhere between 1-3 years for major travel, which is why for me cash back rewards cards are typically more useful. J/c, does the CSR offer any additional benefits that can make up the difference if a person can't make use of the travel credit every year, or if they are only semi-frequent travelers?
  8. I disagree. Even at the worst redemption rate, 1.5 cents per point, you only need to spend $3667 per year in the 3x categories to come out ahead of the CSP. You can also earn UR points as high as 5x on other cards which you can then use through the C$R. Keep in mind both the C$R and CSP are travel cards, so if you follow a cash back strategy, you don't want either. I would personally much rather have the card at the link listed below, over the CSR (this card also has rewards of 1.5 points earned/$1 spent): https://www.premiera...ns/credit-cards (as low as 7.50% F, 1.5x points, no AF, no BT fee, no FTF fee, plus additional benefits of travel cancellation/delay insurance and lost/delayed luggage insurance and other benefits) Most people interested in travel rewards don't care about APR. That is basically a 1.5% cash back card. Don't confuse this with the 1.5 cpp redemption option on the C$R. Remember that UR points can be earned at much higher rates which makes 5x categories worth a minimum of 7.5% and 3x categories 4.5% based on the worst case scenario redemption. It is true that CSR has some very nice travel benefits, it's just that the reason the card is a no-go for me IME is the $450 AF. (I know that the AF amounts to $150 when factoring in the annual travel credit, etc., but generally I will avoid cards that have AFs.) I would rather have a rewards card with less-generous rewards but also no AF. That's my own preference in my case, and I do realize that for others' credit card needs and what they find to be attractive in a card, YMMV.
  9. Not technically listed in the mass media, but here are some cards advertised online that I can think of (I have a few of these cards myself, some you need a high FICO to get the lowest APR): 1. https://www.western.org/variable-rate-visa-credit-card (as low as 5.24% V) 2. https://www.premieramerica.com/loans/credit-cards (as low as 7.50% F) 3. https://www.western.org/fixed-rate-visa-credit-card (as low as 8.99% F) 4. Barclay Ring (8.25% V) Most people interested in rewards don't care about APR. If you do, you're playing the game wrong. ... I am admittedly very old-school, when it comes to APR Even with rewards card, and even if I PIF and don't carry a balance on them, I still prefer having an option to carry a balance at a single-digit interest rate, should I elect to or choose to. Almost all of my rewards cards are PIF monthly (since rewards cards below 10% can be hard to find), with a few exceptions where the APR is so low that in some cases, the carried balance is small enough that the annual interest incurred is less than the annual cash back rewards I am receiving.
  10. I disagree. Even at the worst redemption rate, 1.5 cents per point, you only need to spend $3667 per year in the 3x categories to come out ahead of the CSP. You can also earn UR points as high as 5x on other cards which you can then use through the C$R. Keep in mind both the C$R and CSP are travel cards, so if you follow a cash back strategy, you don't want either. I would personally much rather have the card at the link listed below, over the CSR (this card also has rewards of 1.5 points earned/$1 spent): https://www.premiera...ns/credit-cards (as low as 7.50% F, 1.5x points, no AF, no BT fee, no FTF fee, plus additional benefits of travel cancellation/delay insurance and lost/delayed luggage insurance and other benefits)
  11. Not technically listed in the mass media, but here are some cards advertised online that I can think of (I have a few of these cards myself, some you need a high FICO to get the lowest APR): 1. https://www.western.org/variable-rate-visa-credit-card (as low as 5.24% V) 2. https://www.premieramerica.com/loans/credit-cards (as low as 7.50% F) 3. https://www.western.org/fixed-rate-visa-credit-card (as low as 8.99% F) 4. Barclay Ring (8.25% V)
  12. In mho, CSR is greatly overrated, at least after the first year anyway...
  13. May not work or be flexible enough for everyone, to truly kill off credit cards -- please see quoted portion from the article, below:
  14. Many thanks for your kindness in providing the helpful info fatherof5 and road2freedom!
  15. Is it still possible at all to get a fixed-rate cc that is also below 10% for purchases, anywhere these days? I honestly don't care much at all about rewards; I would much rather prefer a low, fixed-rate credit card, even if it has no rewards at all... Post-CARD Act, I only have one open fixed-rate card left (at 9.9%, for both purchases and balance transfers, and which also includes rewards). Of my 4 other open credit cards, all except one are between a 9.24% - 9.9% variable rate, and the highest-APR open card I have is 10.99% variable. However, I would love to be able to have more fixed-rate cards with purchase APRs anywhere below 10%, if it is still possible to even get them, that is? Pre-CARD Act, I had cards as low as 5.9% fixed, and 5.24% variable...gosh, how I miss those days of lower interest rates...

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