What's your HIGHEST & LOWEST APR?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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plaidington
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Re: What's your HIGHEST & LOWEST APR?

Postby plaidington » Tue Nov 17, 2015 12:00 pm

High: Barclays 14.99%
Low: Capital One 12.9%
What's in my wallet: AMEX BCP, Capital One Quicksilver, Chase Freedom, Chase CSP, Discover It, PenFed Power Cash.


kdm31091
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Re: What's your HIGHEST & LOWEST APR?

Postby kdm31091 » Thu Nov 19, 2015 5:09 pm

It's kind of ironic because my best APR is also my worst. My BJ's Mastercard has a great 7.99% APR for BJ"s purchases (and 99% of the time that's all I use it for), but a horrid 24.99% for other purchases.

Outside of that my best is my BCP. It's down to something like 10.75% or something like that.

augiedog
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Re: What's your HIGHEST & LOWEST APR?

Postby augiedog » Thu Nov 19, 2015 6:08 pm

My Discover It has an ugly 22.99%. I tried to negotiate it to a lower APR but they offered me 0% for a year and took it. Later I found out you can ask for both 0% and a lower APR afterwards. I'll have to do that this year.

My Amex Blue Cash Everyday had an invitation APR of 12.99%, and I negotiated that to 10.24% this year. I have never paid interest on it before, but such a low rate makes it even more tempting to use the card in the case I have to carry a balance (I do have a lot of credit card debt at 0% rates that I have put away).

I also have a Barclay Ring that I have never used (I got the card and later had the funds to not use it), but it has a locked in 8% APR. It's fairly lackluster, it doesn't even have the tap and pay feature that is pictured on the card's application. And the website erroneously lists balance transfers as incurring a 3% fee. My Blue Cash has rewards, Amex Offers, a low APR, large credit line, and has a dual EMV contactless/contact chip to name a few things that blow the Ring out of the water. I would unapply for the Ring if I could just to remove the inquiry if I could!
American Express: Blue Cash Everyday (10k), Everyday, ; Discover It (7.3k) ; Target (2.1k)

Citi: Diamond (2k) ; Bank of America: Cash Rewards (2.6k) ; Capital One: Quicksilver (3k) , Sony ; Chase: Freedom (3.7k), Slate (3k), (Amazon) ; Barclay Ring ; Synchrony: Walmart MC, Amazon, Ebates

9Cline
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Re: What's your HIGHEST & LOWEST APR?

Postby 9Cline » Thu Nov 19, 2015 6:10 pm

Lowest: Amex Bce-12.24% Highest : Chase Freedom- 22.99 that never has a bal. init. approval was 4,000 @ that rate early about 4 yrs ago early in rebuild knowing what I know later should have waited to app instead of just trying to get in,,,lesson way learned and lesson I try to pass on to others....
LOWES, DISCOVER-iT, MACY'S-AMEX PREMIER ELITE, AMEX-EDP, CHASE FREEDOM VS, AMEX-BCP, CITI-DC WEMC, JCP-PLAT MC, BELK ELITE, CITI BESTBUY, CHASE SAPPHIRE , HOME DEPOT :beat:

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CarefulBuilder14
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Re: What's your HIGHEST & LOWEST APR?

Postby CarefulBuilder14 » Thu Nov 19, 2015 6:15 pm

My lowest is down to 15.24% on Discover. When I called, the CSR thought it was really weird that someone with a year and a half or so of PIF history cared about the APR.

She did have a point...but I got a reduction, anyway.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

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Vattené
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Re: What's your HIGHEST & LOWEST APR?

Postby Vattené » Fri Nov 20, 2015 9:58 am

augiedog wrote:My Discover It has an ugly 22.99%. I tried to negotiate it to a lower APR but they offered me 0% for a year and took it. Later I found out you can ask for both 0% and a lower APR afterwards. I'll have to do that this year.

My 0% introductory purchase APR on my ED will be expiring in January. I'm glad I never needed to use it and was able to keep my PIF discipline despite no interest, but I still feel like I'm going to be "loosing" something.

I'll keep Discover in mind if I get into a situation where I know with some notice that I'll be making a large purchase. I was thinking when the time comes to buy a new computer, more furniture, or something like that I could just apply for a card with a long 0% period ahead of time as a way to finance it for free...but if I could get Discover to offer 0% for a little while that would be great! No new account PLUS rewards on whatever the purchase is in an established rewards program.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

augiedog
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Re: What's your HIGHEST & LOWEST APR?

Postby augiedog » Fri Nov 20, 2015 3:01 pm

Vattené wrote:
augiedog wrote:My Discover It has an ugly 22.99%. I tried to negotiate it to a lower APR but they offered me 0% for a year and took it. Later I found out you can ask for both 0% and a lower APR afterwards. I'll have to do that this year.

My 0% introductory purchase APR on my ED will be expiring in January. I'm glad I never needed to use it and was able to keep my PIF discipline despite no interest, but I still feel like I'm going to be "loosing" something.

I'll keep Discover in mind if I get into a situation where I know with some notice that I'll be making a large purchase. I was thinking when the time comes to buy a new computer, more furniture, or something like that I could just apply for a card with a long 0% period ahead of time as a way to finance it for free...but if I could get Discover to offer 0% for a little while that would be great! No new account PLUS rewards on whatever the purchase is in an established rewards program.


They allow back-to-tack requests, but the APR reduction only takes effect the next day after the request. But yes, it is very good for making a major purchase without having to apply for another card. I try to use my existing cards so I don't have to make so many inquiries on my report. The only caveat is that it needs to be 12 months since your last APR reduction request.
American Express: Blue Cash Everyday (10k), Everyday, ; Discover It (7.3k) ; Target (2.1k)

Citi: Diamond (2k) ; Bank of America: Cash Rewards (2.6k) ; Capital One: Quicksilver (3k) , Sony ; Chase: Freedom (3.7k), Slate (3k), (Amazon) ; Barclay Ring ; Synchrony: Walmart MC, Amazon, Ebates

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Vattené
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Re: What's your HIGHEST & LOWEST APR?

Postby Vattené » Fri Nov 20, 2015 4:06 pm

Thanks for mentioning that! I wasn't aware of that policy, so I definitely won't call and ask about an APR reduction just for the fun of getting a lower rate now. I'll wait until I can actually benefit from it.

Edited to add: It's nice they will make it effective next day. I wouldn't have been surprised if they made it effective at whenever your next statement cuts (that's what they do with rewards program related stuff), but it makes sense I suppose because that's how it is with CLIs, too.
-Vattené
FICO-8:
EX - 827 (4/17) | TU - 812 (4/17)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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CarefulBuilder14
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Re: What's your HIGHEST & LOWEST APR?

Postby CarefulBuilder14 » Fri Nov 20, 2015 4:43 pm

Discover APR reduction requests (at least successful ones) need to be 6 months apart. I called about 5.5 months or so after the first APR reduction request and was told to wait until it had been a full 6 months. I called 30 days after that and got another APR reduction.

That is, I got one Discover APR reduction in March or April, then got another in I think October. But it's definitely not 12 months.

I think the issue is that you can't ask for an APR reduction if you're currently at 0%, whether it be the intro period or a later promotion.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH, Aviator Red

augiedog
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Re: What's your HIGHEST & LOWEST APR?

Postby augiedog » Fri Nov 20, 2015 4:56 pm

CarefulBuilder14 wrote:I think the issue is that you can't ask for an APR reduction if you're currently at 0%, whether it be the intro period or a later promotion.


You are right! It is 6 months apart, but you normally cannot request an APR reduction while receiving a promotional APR, so that is why I thought it was 12 months apart (I have a 12 month 0% offer from them).

Vattené wrote:Thanks for mentioning that! I wasn't aware of that policy, so I definitely won't call and ask about an APR reduction just for the fun of getting a lower rate now. I'll wait until I can actually benefit from it.

Edited to add: It's nice they will make it effective next day. I wouldn't have been surprised if they made it effective at whenever your next statement cuts (that's what they do with rewards program related stuff), but it makes sense I suppose because that's how it is with CLIs, too.


Make sure when they offer you a lower APR, and a promotional 0%, that you ask for both (0% and then a lower APR). My friend got those two options (which is how they presented it to me) and he asked for both, and he got it!
American Express: Blue Cash Everyday (10k), Everyday, ; Discover It (7.3k) ; Target (2.1k)

Citi: Diamond (2k) ; Bank of America: Cash Rewards (2.6k) ; Capital One: Quicksilver (3k) , Sony ; Chase: Freedom (3.7k), Slate (3k), (Amazon) ; Barclay Ring ; Synchrony: Walmart MC, Amazon, Ebates



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