Tried To Lower My APR With Chase

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
19 posts
Dylan1982
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Tried To Lower My APR With Chase

Postby Dylan1982 » Tue Dec 23, 2014 4:21 pm

After reading a couple of the threads from here, I said why not I'll give it a shot.


I've had my Freedom card since 2/2013, started with a CL of $5k, now I am at $10k. I use my card for ALL of my purcahses and it gets paid of in full every month.


When I signed up, my APR was at 18.99%, which again doesn't bother me b/c bill gets paid in full every month.


I actually jsut deleted convo with the rep I had through the Secure Message, but they said b/c of the financial envirnment, my 18.99% APR is the lowest offered at this time. I responded back saying then why for new customers who qualify, why is Chase offering them an APR at 13.99% on the lowest end? You stated that my 18.99% was the lowest Chase is offerng right now. Again got the same run around as the first time so I let it be.


I am not disappointed that I didn't get my APR lowered as it doesn't affect me.


Just thought I would share. Chase doesn't offer a live chat do they? You have to communicate with them through the Secure Message Center, correct?
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)


Brad Bishop
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Postby Brad Bishop » Wed Dec 24, 2014 11:46 am

My thought is to keep you Chase Freedom card and seek out other lower interest rate cards and then, when you get approved for one, dump Chase Freedom.

Dylan1982
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Postby Dylan1982 » Wed Dec 24, 2014 11:53 am

Brad Bishop wrote:My thought is to keep you Chase Freedom card and seek out other lower interest rate cards and then, when you get approved for one, dump Chase Freedom.

Nah I'm not to worried about it. I use my Freedom CC for EVERY SINGLE purchase I make. I take advantage of the 1% cash back and the rotating 5% catergories.


I only looked at lowering my APR, 'jsut because'.

My card gets paid in full every month, so again, that 18.99% APR that I have has no affect on me what so ever.
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)

takeshi
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Postby takeshi » Fri Dec 26, 2014 9:08 am

Sounds typical for Chase. A few have reported getting APR's lowered but many just end up apping for a new card.

whit
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Postby whit » Fri Dec 26, 2014 1:49 pm

chase almost never lowers the apr
it's about as rare as them retracting something from the credit bureaus, that's reported, and not an error on their part (has happened once that I know of)

but I'm glad you don't need it OP

even with the lowest apr they currently offer with new applicants

blow the 5% potential cashback you can earn by more than double

I'm not saying paying apr is end of the world, you'll be surprised by the number of people who do so and live in an affluent neighborhood (2-10mil house)

but i would try and figure out how to do balance transfers and get the amount paid down with 2-3% transfer fees at 0 apr for x months and than how to avoid carrying balances over

how to lower apr from 22.99 to 18.99 or 14.99

MrMosby
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Postby MrMosby » Sun Jan 04, 2015 9:22 pm

If you need a lower interest rate, you probably want the slate card and not the freedom card. Typically reward cards will cary higher rates.
Everyday Preferred $45K | Amex Platinum NPSL | Citi Hilton HHonors Reserve $45K | Delta Platinum $30K | Chase Sapphire Preferred $64K | Citi Hilton HHonors $45K | Discover IT $25K

Nixon
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Postby Nixon » Sun Jan 04, 2015 9:37 pm

Negatory, Even the Slate's lowest APR is only 1% lower than the Freedom's.
Image

MrMosby
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Postby MrMosby » Sun Jan 04, 2015 9:41 pm

They are underwritten differently, so there is a chance they could get a lower rate - although then again on a new card that's questionable.
Everyday Preferred $45K | Amex Platinum NPSL | Citi Hilton HHonors Reserve $45K | Delta Platinum $30K | Chase Sapphire Preferred $64K | Citi Hilton HHonors $45K | Discover IT $25K

Dylan1982
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Postby Dylan1982 » Mon Jan 05, 2015 1:56 am

I don't need a lower interest rate card. My APR is fine where it's at.


Do you guys skip over what I typed? I pay my balance in full every month. I just wanted to see if Chase where to lower their APR, that's all.
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)

whit
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Postby whit » Mon Jan 05, 2015 2:31 am

I didn't, I said it's great you, op, doesn't need it because u pays in full

I still stand by the whole rest of that answer, chase not lowering apr 99.99999999% of the time



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