Request to lower APR

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
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Postby Randiesel75 » Mon Mar 09, 2015 11:22 am

Just called on a few of my cards and here are the results...

    Amex BCP - would not budge on 19.99%, told me to use the card more and call back in a few months. Unless, I mean, they just auto bumped my CL from 10 to 12, then again very recently from 12 to 14. Why not offer me an APR reduction instead of enticing me to spend more? Awful !
    Chase CSP - is already at 15.24% so haven't called yet because not sure they would even entertain since its already fairly low for a rewards card.
    Discover IT - CSR said they do not lower APR on existing purchase, but did lower all future purchases from 19.99% to 18.24%, this locked in for lifetime.
    Barclaycard - best call of the day, dropped my APR 4-points from 22.99 to 18.99. Funny, the worst card of all gives me the best deal, figures :)

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Postby kdm31091 » Wed Mar 11, 2015 11:15 am


Don't waste time with Chase; they aren't going to lower it. Has nothing to do with the fact that it is a rewards card -- they just don't lower APRs in general (other than in very very rare circumstances).

I'm surprised about Amex; they typically will lower it, but of course that's never a guarantee and it does depend on whatever factors they decide it depends on lol

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Postby popamode72 » Wed Mar 11, 2015 2:10 pm

My Discover card's one year anniversary is coming up late next month, so I'll be requesting a lower APR on that card by the 28th of April.
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Postby dragon452 » Thu Mar 12, 2015 10:13 pm

I can't bother Chase with getting a lower APR on my Freedom Signature Visa cards (9.2% & 11.5%), but Capital One got real stingy with my now 13 year old account after the big crash (around 2009) and raised my World Mastercard acct. to 15.5% (from10.5% previously). So after a few conversations (complete with threats) with the credit supervisors, they began to give me a "discount" rate of 11.5% for seven months at a time only. After the deal expires, the APR get raised back up to 15.5%, and I call them again, and they start a new "deal" for 11.5% for another seven months. Its been like this for a few years now. But they also send me actual "convenience" checks (with no fees, and no borrowing limit up to my actual credit limit), with a 2.99% APR for one year. I do use those, so I play their game.

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