Does a low interest rate on a credit card mean that I have good credit? Is…

Tips and Deals Forums Consumer Credit Credit Cards Does a low interest rate on a credit card mean that I have good credit? Is…

This topic contains 0 replies, has 1 voice, and was last updated by  Anonymous 8 years, 1 month ago.

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    Anonymous

    …10% considered “low”? I am 20 now and got my first CC when I was 18. That card had a limit of $500 with a 24% interest rate and went up to 27% when I accidently went over my balance. After that I started paying off my entire card and whatever i charged i paid off each month. The bank extended my limit to $1500 but the interest stayed the same(27%)

    I also applied for another card with a lower interest rate and was given $2,000 with a 10% rate.

    Is that good? I don’t know how to check my credit score.
    I agree..I don’t want to have any debt in the future.

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