What is the Sable Credit Card interest rate? This question is about the Secured Sable ONE Credit Card

What is the Sable Credit Card interest rate?

This question is about the Secured Sable ONE Credit Card

Maria Adams, Credit Cards Moderator

@m_adams • 12/14/21 This answer was first published on 12/14/21. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Secured Sable ONE Credit Card interest rate is 13.24% Variable. This Sable Credit Card interest rate is variable, meaning it can change based on certain economic conditions.

The Sable Credit Card gives you a 21-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest as long as you pay your balance in full during that timeframe. Should you decide to carry a balance on your Sable Credit Card, it will accumulate interest daily at the card’s regular APR. Interest is compounded, meaning you will owe interest on both the principal balance and any interest already accumulated.

All Sable Credit Card card interest rates will be listed on your statement and on your online account summary.

What is the best low APR secured credit card?

The best low APR secured credit card is the Amazon Secured Credit Card because its regular APR of 10% is among the lowest rates available to people with bad credit. The Amazon Secured Credit Card has a $0 annual fee, and cardholders need to put down a security deposit of $100+.

Best Low APR Secured Credit Cards of 2023

Amazon Purchases: Amazon Secured Credit CardAmazon Secured Credit CardLearn MoreLearn More
No Credit Check: Applied Bank® Secured Visa® Gold Preferred® Credit CardApplied Bank® Secured Visa® Gold Preferred® Credit CardLearn MoreLearn Moreon issuer's website
Cash Rewards: First Progress Platinum Prestige Mastercard® Secured Credit CardFirst Progress Platinum Prestige Mastercard® Secured Credit CardLearn MoreLearn Moreon issuer's website
Credit Union Members: NIH Federal Credit Union Platinum Secured CardNIH Federal Credit Union Platinum Secured CardLearn MoreLearn More

It’s worth pointing out that carrying a balance on a secured card doesn’t make much sense. You can’t...

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What are the pros and cons of secured credit cards?

Secured credit cards have both pros and cons, just like any other type of credit card, but the advantages of secured cards ultimately outweigh the disadvantages. Most importantly, secured credit cards are inexpensive, easy to get, and capable of helping you improve your credit score.

Pros and Cons of Secured Credit Cards

Pros	Cons
High approval odds, even with limited or bad credit ...	Approval is not guaranteed

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What are the benefits of a secured credit card?

The benefits of a secured credit card include low fees and the opportunity to rebuild your credit no matter how bad it might be. The best secured cards have no annual fee and will accept people with credit scores in the 300-640 range, along with applicants who have no credit score at all. Secured cards also report account information to the major credit bureaus on a monthly basis and appear no different on credit reports than unsecured cards.

There are...

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