 TITLE: What Factors Do Lenders Consider When Determining My Interest Rate? CONTENT: Credit Cards\n------------\nCredit card issuers use the following factors to determine your interest rate:\n#### 1\\. Your credit scores\nSensing a pattern here? Your credit scores and history are key to determining which cards you qualify for, and at which rates.\n#### 2\\. The type of card you get\nYou will generally pay higher interest rates on rewards cards that offer significant perks—because that's how they pay for those benefits. No-frills cards are likely to come with lower rates.\n#### 3\\. Your payment history\nMost credit cards have a penalty rate—a higher interest rate issuers charge if you are late on your payments, regardless of your credit scores. That's another reason it's important to pay your bills on time.\n> Find the best credit cards in Experian CreditMatch™. END