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cmp1203

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Why do credit cards not give you an APR before you accept the card?
You would assume with excellent credit score you would receive lowest rate, this is not always the case and you should know beffore you have another card reported on your report-

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At times when you "pre-qualified"? It will show you exactly what interest rate you get. It's also one way to tell how reliable the pre-qual are, whether it shows a specific rate or range of rates... They would need to run your credit before determining your interest rate and starting limit. Yes, higher scores aren't always means you get best rate when comes to credit cards. Often times, lower scores might get lower interes rate but also come with much lower starting limit. Some credit card companies like AmEx/Discover/Barclay will reduce your interest rate if you ask for it, got one of mine AmEx down to 10.24% from 19% 18 months ago, Barclay lowered by 4% in less than a year. some have their AmEx card down to 7~8%.

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Please allow me preaching a bit here, I understand "it" happenes, but the interest rate shouldn't matter too much, when we all should strive to paying in full every cycles.

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Some cards have a set APR that they give to everyone.   Many credit cards do not give you the APR before the actual application as they have to measure you creditworthiness.    They don't know all the items on your report until they perform the hard pull.   Even after they complete the hard pull, its a minimum number of points, you can still decline the card before it become an account.

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