Tried To Lower My APR With Chase

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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nararabbit
 
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Postby nararabbit » Sun Jan 25, 2015 1:34 am

Chase does lower their APR rates. I spent about an hour going back and forth with several reps, and they finally lowered my APR from 18.99 to 6% for 5 years. Considering we are carrying a balance on this card from medical bills, I am extremely happy about that. Don't believe me? Here's a copy of my statement:

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Nixon
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Postby Nixon » Sun Jan 25, 2015 2:36 pm

nararabbit wrote:Chase does lower their APR rates. I spent about an hour going back and forth with several reps, and they finally lowered my APR from 18.99 to 6% for 5 years. Considering we are carrying a balance on this card from medical bills, I am extremely happy about that. Don't believe me? Here's a copy of my statement:

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Please PM number you called. That APR is yummy.
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whit
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Postby whit » Sun Jan 25, 2015 11:28 pm

Your situation if from what's shown Is different

You have an expiration date
Not permanent
extreme case, probably proved hardship and its better for them to have you pay a bit rather than charge off or bankrupt (if that's not a form of charge off) both pr and business sense of recovery

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CarefulBuilder14
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Postby CarefulBuilder14 » Mon Jan 26, 2015 10:13 am

Chase still makes a lot of money at 6% when they are paying 0.01% on savings accounts.
Keeping indefinitely: IHG, SchwabPlat, CSP, Discover, Freedom, ED, BCE, Hyatt
May close or PC: Prestige, Arrival, BrooksBros
AA Platinum converting into Costco

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech
Letting new accounts cool off since May

whit
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Postby whit » Mon Jan 26, 2015 10:28 am

Hey now don't sell urself short
It's only .01 if u have chump change wth them
If you have a few hundred thou u can get up to .10! ;)

Dylan1982
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Postby Dylan1982 » Tue Jan 27, 2015 12:50 am

Nararabbit, please provide the number you called, b/c I would still like to lower my APR.

I believe I have their Executive number here in IL, maybe I'll give that a shot...
Chase Freedom - $12,500 (2/2013)
GM Card - $7,700 (7/2002)
CitiBank (Thank You Preferred) - $6,400 (6/2012)
CitiBank (Diamond Preferred) - $4,600 (6/2012)
Rogers & Hollands - $3,300 (3/2006)
Target REDcard - $3,000 (11/2014)
BestBuy - $1,600 (9/2003)
Discount Tires - $1,000 (2/2004)
Kohl's - $300 (4/2012)

CrisAdams
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Postby CrisAdams » Wed Jan 28, 2015 10:35 am

Since you have a great payment history with Chase, I suggest you call and talk to a manager since general customer reps cannot lower the APR. I do not believe they have a live chat.

deathrider
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Postby deathrider » Sun Feb 01, 2015 4:00 pm

the way I was able to lower an interest rate was by being transferred to the cancellation dept and threatening to cancel unless they lower the rate.
[size=100]Citi Prestige CL 16.5k
Chase Sapphire CL12.5k
Amex Gold NPSL
Sears MasterCard CL 8k
JP Morgan Ritz Carlton Canceled[/size]

Kevin86475391
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Re: Tried To Lower My APR With Chase

Postby Kevin86475391 » Sat Jun 27, 2015 1:18 am

Also, I believe those offers to new applicants are tiered based on credit worthiness/score. For instance it may be advertized as 13.99%, but you generally have to have exceptional credit to qualify for that. There's usually a middle tier about 18.99% which seems to be the one you're on and which I suspect almost everyone gets, and then a bottom tier for like 24.99% for applicants that barely qualified for the card at all.

I just looked at my statement and my purchase APR for the Freedom is 17.99%, which I thought HAD been successfully lowered from 18.99% after I requested - like you just for the hell of it because I always pay off my balance every month and don't pay APR anyway. I may just be misremembering though and started at 17.99% all along.



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