According to CNN Money, credit cards, on average, now charge a variable annual percentage rate of around 14.46%. If you’ve got super credit, though, you can slash that in half.
We once did an experiment where I went to the mall and randomly selected people to call their credit card companies, and ask for a lower interest rate by making a few simple statements. It worked for several people and could work for you as well, just my making the phone call. However, new FICO research reveals what we should all be paying, and the higher your score, the lower your APR.
Here’s the info based on research from cardratings.com:
660 20% and up
How can you improve your credit score to get the best deals? Read here for 9 quick fixes.