<p>Which interest rate is better?</p>
<p>Discover: 6.25% + PRIME (3.25%)
Citi: Libor + 9.75 and a loan fee of 4%</p>
<p>My loan will be 7000</p>
<p>I mean I think Discover is the better choice but I just want to make sure</p>
<p>Although the Prime & LIBOR rates are not the same, they tend to track a consistent differential between the two. For example, if the LIBOR is 1% below Prime today, it is likely to be close to that five years from now.</p>
<p>Therefore I suggest you get whichever has the better total rate at this time.</p>