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Doc3

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How to ascertain exact apr.
Before applying for a credit account, how can the exact annual percentage rate be determined, when a wide range is shown in advertisements and offers?

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Top Contributor
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Thats a good question.

Helpful to 1 out of 1 people

The rate you will get is determined the day your application is reviewed.  It is determined based on your credit report for that day so It depends on which of the CRA's that they use and what score they get from them. 

If you know what range your FICO score is in, you can pretty much tell what kind of range your APR should be in.  If it's less than 750 you can expect to be in the highest interest rates. 19.99% to 22.99%  if its above 750 you could probably expect 10.99% to 14.99%   although this is more of a guess just based on my experience. 

if your really concerned you can always apply by phone,  While your speaking to the agent you can ask what rate you would get.  if you don't like the rate you can decline the card, but you would still have the inquiry on your report

good luck

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