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I decided to get my first credit card last week so that I can increase my credit rating. I was kinda surprised to find out that for some reason they offered me a permanent rate of 6.45% APR.

Here is a little relevant information about me:

  • I am a university student
  • I am 20 years old
  • I am 7 months into a 1 year placement making £21000 PA (before tax)at my first full time job
  • I have no history at all with credit (no credit card, no loans)
  • For some reason my Experian score is 967/999
  • I put most of my money in the stock market
  • I have a very unique name so the chances of me being confused with somebody else is virtually non existent. (In fact if you include my middle name I am the only person in the world with this name)

As far as I can tell there is no good reason why I should have such a low APR (and such a high Experian score). I was expecting at least 16%. Is this normal?

I decided to get my first credit card last week so that I can increase my credit rating. I was kinda surprised to find out that for some reason they offered me a permanent rate of 6.45% APR.

Here is a little relevant information about me:

  • I am a university student
  • I am 20 years old
  • I am 7 months into a 1 year placement making £21000 PA (before tax)
  • I have no history at all with credit (no credit card, no loans)
  • For some reason my Experian score is 967/999
  • I put most of my money in the stock market
  • I have a very unique name so the chances of me being confused with somebody else is virtually non existent. (In fact if you include my middle name I am the only person in the world with this name)

As far as I can tell there is no good reason why I should have such a low APR (and such a high Experian score). I was expecting at least 16%. Is this normal?

I decided to get my first credit card last week so that I can increase my credit rating. I was kinda surprised to find out that for some reason they offered me a permanent rate of 6.45% APR.

Here is a little relevant information about me:

  • I am a university student
  • I am 20 years old
  • I am at my first full time job
  • I have no history at all with credit (no credit card, no loans)
  • For some reason my Experian score is 967/999
  • I put most of my money in the stock market
  • I have a very unique name so the chances of me being confused with somebody else is virtually non existent. (In fact if you include my middle name I am the only person in the world with this name)

As far as I can tell there is no good reason why I should have such a low APR (and such a high Experian score). I was expecting at least 16%. Is this normal?

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Why was I offered 6.45% APR on my first credit card?

I decided to get my first credit card last week so that I can increase my credit rating. I was kinda surprised to find out that for some reason they offered me a permanent rate of 6.45% APR.

Here is a little relevant information about me:

  • I am a university student
  • I am 20 years old
  • I am 7 months into a 1 year placement making £21000 PA (before tax)
  • I have no history at all with credit (no credit card, no loans)
  • For some reason my Experian score is 967/999
  • I put most of my money in the stock market
  • I have a very unique name so the chances of me being confused with somebody else is virtually non existent. (In fact if you include my middle name I am the only person in the world with this name)

As far as I can tell there is no good reason why I should have such a low APR (and such a high Experian score). I was expecting at least 16%. Is this normal?