Credit Card

Basics of card rates

Some basic rules of interest rates on credit-card debt include:

  • Interest rates are variable.
  • Rates are higher than those for secured loans.
  • The stated rate is not your actual interest rate.
  • Interest rates have a ceiling.
  • Interest on credit card debt is not tax-deductible.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+