Why does my Chase credit card have such a high APR?

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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Postby bmw1990Z » Sun Mar 25, 2012 4:25 pm

I was reading this thread when I looked to check my APR. I got my first card (citi forward) when I entered college because I liked the 2% reduction you can get on your APR. The card started out with 0% APR for seven months and then I was approved for a 14% interest rate after that. However, my card still has a 0% interest rate and I will have had the card for an entire year next month. Not complaining, but I'm unsure if they just haven't changed the APR by accident or perhaps because I haven't gone over and always pay in full, they havent changed the APR. Just thought that was interesting.
Cards in my wallet:
-Citi Forward Card for College Students-July 2011
-American Express Platinum Delta Skymiles--July 2013

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Postby DavidNY » Sun Mar 25, 2012 8:08 pm

jeffysdad wrote:I'm currently using Discover after switching from ING Direct. ING's rate had been declining for a while and I wasn't too excited about the CapOne buyout. However, I've kept the account open and could switch back depending on how things go.

Discover's rate has dropped lately, too; yield is now 0.9%, if I remember correctly.

It's now 0.85%.

TIAA Direct is offering 1.25% APY on accounts, not sure if that's a teaser, but it's a good deal in any case. http://www.tiaadirect.com/

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