topic QCard interest rates in Community Chat

QCard interest rates

Bridebchar — Thu, 30 Mar 2023 18:48:44 GMT

Has anyone looked at the interest rate on your QCard thru Synchony bank 31%, yes that's correct - loan sharing.paying off my balance and never run any balance again, which I rarely do.

Re: QCard interest rates

sunshine45 — Thu, 30 Mar 2023 18:54:40 GMT

yes, it is like that with MOST store branded credit cards and even some bankcards.

if you dont carry a balance and pay it in full each month there is a 0% interest rate. if you DO carry a balance and dont pay in full then probably not a good card to use unless you need the extra easy payments.

Re: QCard interest rates

FiddleDeeDee — Thu, 30 Mar 2023 19:03:14 GMT

Actually, it's 31.24%. So are most department store credit cards across the board. They're going to go much higher, just wait.

CC are great as long as you make them work for YOU. Otherwise, they can ruin you financially. It shocks me how so many are clueless about how interest and minimum payments are going to keep you in debt forever. But people keep charging and well, there it is.

Re: QCard interest rates

Bridebchar — Thu, 30 Mar 2023 19:13:04 GMT

I am not clueless, I have no credit card debt. It just surprised me when I saw the the interest rate. I don't have store credit cards because if this. My credit card I have isn't anywhere near this rate. Just saying.

Re: QCard interest rates

brandiwine — Thu, 30 Mar 2023 19:34:25 GMT

@Bridebchar I don't think FiddleDeeDee was saying you are clueless, just how many people have no idea what the interest rates are. I don't pay attention to interest rates because I have no debt and pay off credit card every month in full. The only interest rates I check on are my CD's, and Money Market.

Re: QCard interest rates

Love my grandkids — Thu, 30 Mar 2023 20:13:55 GMT

@Bridebchar I wouldn't touch a Q card with a 20 foot pole!

Re: QCard interest rates

RollTide2008 — Thu, 30 Mar 2023 20:21:28 GMT

They told you what the rate would be when you signed the user agreement. It's prime plus whatever the percentage markup is. It's not arbitrary, but it will rise and fall with prime rate.

Re: QCard interest rates

Kachina624 — Thu, 30 Mar 2023 20:37:39 GMT

@Love my grandkids wrote:
@Bridebchar I wouldn't touch a Q card with a 20 foot pole!

@Love my grandkids Nor would I. Last time I checked, Synchrony administered over 200 retail store credit cards and you can bet they all have the same high interest rate.

There was a long thread on this subject recently.

Re: QCard interest rates

Jaspertimes — Thu, 30 Mar 2023 21:39:14 GMT

I use one cash back credit card and pay in full. I'll usually have a 10 to 20 dollar reward that I can apply to the balance. When I do, I will treat myself to a new item of clothing on sale or shoes on sale and then apply that cash back and get an even better price on what I bought. But the only way it works is to pay the balance in full each month.

Re: QCard interest rates

Greeneyedlady21 — Thu, 30 Mar 2023 21:43:10 GMT

I have a Q Card and I have always paid off the full balance. My recent bill was 10 dollars and change. After those Easy Pays are paid off I am done with using it.

Re: QCard interest rates

FiddleDeeDee — Thu, 30 Mar 2023 22:47:24 GMT

@Bridebchar wrote:
I am not clueless, I have no credit card debt. It just surprised me when I saw the the interest rate. I don't have store credit cards because if this. My credit card I have isn't anywhere near this rate. Just saying.

@Bridebchar I didn't say you were clueless. I didn't mention your name at all or directed my post at you in any way. I was stating facts. Nothing more, nothing less.

Re: QCard interest rates

Krimpette — Thu, 30 Mar 2023 23:29:33 GMT

No matter what credit card I use (and I also use a q card), I never charge more than I can pay in full when the bill arrives. Thus, I never pay attention to interest rates.

Re: QCard interest rates

Nightowlz — Fri, 31 Mar 2023 00:43:57 GMT

I have not looked. Doesn't matter because I'm not paying interest for anything.

Re: QCard interest rates

deeva — Wed, 13 Aug 2025 15:23:18 GMT

Yes, I know exactly what the interest rate is and it doesn't matter to me. It's the same as any other store credit card like Macy's or Kohl's.

I pay my balance in full every month. I don't care if the rate is 200%.

Re: QCard interest rates

vermint — Wed, 13 Aug 2025 17:51:45 GMT

@deeva This is an old thread from 2023.

Re: QCard interest rates

deeva — Wed, 13 Aug 2025 20:17:23 GMT

@vermint

I should have checked. Thanks.