2nd AMEX APR reduction in 4 days

[Repairman]

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@itguy_65 wrote:

I kept chatting, every couple weeks, finally got Delta Reserve and SPG both to 9.24%.  They're now telling me that is the lowest they offer for those two products.  I guess I'll wait until the next statement cut, and continue persistently!

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Out of curiosity, were you PIF or carrying balances at the time of your successful reduction requests?

[SunriseEarth]

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@lhcole77 wrote:

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@SunriseEarth wrote:

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@lhcole77 wrote:

App'ed for SPG on 8.14 and instant approval. $2000 CL at 19.24%

Contacted them via online chat 8.17. APR reduced to 16.24%.

Contacted them via online chat 8.21. APR reduced to 13.24%.

And moved $8K over from Delta.

 I'm a firm believer that just because I get approved at one APR doesn't mean that it's going to stay there.  Back in March I did four APR reductions in four days with Citi.

Let the fun begin!

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You inspired me to ask again!   When my 0% promo period on BCE ended in early June, I was able to drop the APR from 18.99% to 16.99%.   Today, I went down to 14.99%!   I'm very pleased with this result.  

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YAYYYYYYYYYYYYYY!

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I'm even more pleased, since I asked again.   I was able to go from 14.99% to 12.74%!    BCE is now my 2nd lowest standard APR, with only my CU beating them at 11.9%!

[Kenny]

Eh, no luck with me! Guess they are already low enough and then they're not happy with all of the new accounts. Of course, they won't/don't say that.

[Repairman]

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@lhcole77 wrote:

Good thinking,kdm.

13.24% is the lowest they'll go on this one for now so I'm totally ok with that. I'll prob ask again in 12 months.

Got Delta down to 10.24% as well. That was about a month ago. I was able to get in dropped twice in the month, from 12.24-11.24-10.24.

I'm good for now 😁

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Good news! Asked again and they brought me down to 13.74!

Out of curiosity, did you ask again after 13.24 and get denied?

[Repairman]

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@lhcole77 wrote:

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@iCoop wrote:

I have two active accounts with American Express both with purchase APR's of 6.24% (Prime + 2.99%). I have received both confirmation letters in the mail that American Express sends when your APR is changed. I do not believe they will go any lower than this but of course I may be wrong.

So for those with any APR higher than this keep trying. If not all they will do is say no.

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Sweet! I knew I had read of lower APRs. I'll get there one day.

Got my letters in the mail too that my rates are not promotional. 

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How long did it take to get the letters?

[Repairman]

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@maleck15 wrote:

I went ahead and tried again and was able to lower it again to 13.74.  I  will wait awhile to try again.

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Congrats! Similar results here! If and when you try again, please keep us posted!!!!

[Repairman]

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@itguy_65 wrote:

I kept chatting, every couple weeks, finally got Delta Reserve and SPG both to 9.24%.  They're now telling me that is the lowest they offer for those two products.  I guess I'll wait until the next statement cut, and continue persistently!

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So, after 3 successful requests in less than a week, I got it down to 13.74. Should I ask again?

[thelethargicage]

I just got the APR on my BCP down to 10.24%

[Repairman]

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@thelethargicage wrote:
I just got the APR on my BCP down to 10.24%

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In one shot? What APR were you coming from?

[maleck15]

Update

I was able to get my 4th APR reduction. It is now at 12.5% which is by far my lowest.