trainypooh wrote:Has anyone ever asked for an APR decrease with their credit card company? If so have any of you been successful? I would like to about Chase bank and the Freedom card specifically if anyone has any experience.
I opened my discover card and chase freedom shortly after graduating school, so I had high APRs on both. I've asked Discover to lower my apr: they did: It was originally 20%, after a few years they lowered it to 16% and just a few months ago they lowered it to 10%. No credit pulls -- hard or soft.
Chase won't budge on my APR, which has always been 24%. I've asked several times and their response was "you could close the card, apply for a new Freedom, and since your credit is better you can expect a better APR." I've chosen not to do that.
I pay my balance in full each month, so I don't really worry too much about the APR. But it is nice to know that it is lower just in case I might ever need to revolve a balance for a month or two.