nismoZtuner wrote:I just called Discover, I was curious when my 0% APR offer was going to end... Well I guess not using Discover much gets me BS from them.. Guess Chase will have my business when it comes to getting something on credit WAY LOWER APR!
-hmm I will only use discover once a month to get my FICO..
It sucks to be told "no" by a credit card company. I get annoyed when they turn me down for something I want. However, if your discover APR is currently zero, I'm not sure how Chase has a "WAY LOWER APR!" If you want a lower "go to" APR, I would recommend waiting until the intro period has expired. Even then it may take 6 months or more.
Citi refuses to lower my Thank You Preferred APR from 19% even though they more recently gave me a Simplicity at 12.99%. Apparently I am good enough for 13% on simplicity but only 19% on TYP. Lol. I pay in full anyhow so the "no" is really more a blow to my pride than my wallet. Not worth getting upset about.
Anyhow, Discover will lower APR for sure. But if you are still in the intro period, that might be a problem. If you rarely spend anything on the card, they also might not feel they have enough info about your ability / likelihood to pay back your debts to justify a lower APR.
Discover will lower APRs. Mine started at 20.% and stayed there for about three years. I've asked for reductions and it is now 10.24%. Last April I asked if it could be reduced further. They said "no," but gave me a temporary 0% deal from April to October. I took that.
My sense is that with discover, "love" is a two way street. If you use the card regularly and responsibly for some time you will get CLIs and APR reductions (and even some other offers). Though I've also found that I have to ask. Outside one small auto CLI, I've had to ask for everything. At least half the time they say "yes."
Also FWIW: I spent nearly 15 months with Barclay asking for a lower APR. Finally I got one in february after multiple, multiple rejections. Success can happen. But, again: I pay in full. At times I wonder if I spend too much time worrying about credit cards. Is there really much benefit to worrying about an APR when I PIF? Yet I still do...