Credit Cards Center Credit cards from our partners
Reply
Valued Contributor
Posts: 1,296
Registered: ‎05-13-2010
0

ARE YOU KIDDING ME CHASE

22.9% APR on my new Freedom card?  Bye-bye, sockdrawer bound this card is...

 

Citi it is for my primary, Discover as a backup, until my 4506 clears and hopefully my Zync comes in, then Discover will join BofA and Chase in the sockdrawer.

BofA Cash Rewards VS - $25k/9.99% | Citi Double Cash World MC - $15k/11.99% | Amex BCE - $25k/10.24% | Chase Freedom Unlimited VS- $10k/15.24% | Barclay Ring $5k/8.0% | Discover it - $39.5k/11.99%
Established Contributor
Posts: 539
Registered: ‎08-05-2009
0

Re: ARE YOU KIDDING ME CHASE

Hey, don't feel bad. My wife's Freedom is 29.24%.  As long as we pay in full, who cares? I'm just curious where it would go if I happen to be late one time. I'm not planning to test it though.

Amex BCE $11.1 / Citi Diamond Preferred WMC $12K / Citi Double Cash WMC $3.8K / Comenity Total Rewards Visa $2.5K / Citi Home Depot $5K / AU- Amex BCP $12K / Chase Freedom Visa $11014.00 / PenFed Platinum Rewards Visa Signature $6K / GE Lowes $10K
myFico Scores on 10/03/2014
Eq 798 / Exp 811 / Trans 814
CCT Fico 08 on 1/3/16 - Trans 786 / Exp 793 / Eq 797
Valued Contributor
Posts: 1,296
Registered: ‎05-13-2010
0

Re: ARE YOU KIDDING ME CHASE

 


OnTheRebound wrote:

Hey, don't feel bad. My wife's Freedom is 29.24%.  As long as we pay in full, who cares? I'm just curious where it would go if I happen to be late one time. I'm not planning to test it though.


I know, but it bothers me to know I'm being offered pitiful terms.

 

BofA Cash Rewards VS - $25k/9.99% | Citi Double Cash World MC - $15k/11.99% | Amex BCE - $25k/10.24% | Chase Freedom Unlimited VS- $10k/15.24% | Barclay Ring $5k/8.0% | Discover it - $39.5k/11.99%
Moderator Emerita
Posts: 28,095
Registered: ‎04-01-2007
0

Re: ARE YOU KIDDING ME CHASE

 


smc733 wrote:

22.9% APR on my new Freedom card?  Bye-bye, sockdrawer bound this card is...

 

Citi it is for my primary, Discover as a backup, until my 4506 clears and hopefully my Zync comes in, then Discover will join BofA and Chase in the sockdrawer.


 

What matters more to you, the rewards or the APR? I'm assuming that you got the card for the rewards. Rewards cards always have higher APR's --it's how they pay for the rewards.

 

I've made a ton of cashback money on this thing, especially with the 5% on groceries that applied over the last 6 months. I don't know about you, but I don't let pride get in the way of a good deal. Smiley Wink

 

I just checked my account, and my APR is 19.24%. It used to be 20-something. If I ever need to carry a balance, I just won't do it on a rewards card. * shrugs *

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Moderator Emeritus
Posts: 16,381
Registered: ‎03-12-2007
0

Re: ARE YOU KIDDING ME CHASE

 


haulingthescoreup wrote:

 

I just checked my account, and my APR is 19.24%. It used to be 20-something. If I ever need to carry a balance, I just won't do it on a rewards card. * shrugs *


Exactly, make the card work for you!!!!!! I do understand the OP's displeasure, tho.Smiley Happy

 

Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Established Contributor
Posts: 638
Registered: ‎07-29-2010
0

Re: ARE YOU KIDDING ME CHASE

I know how you feel. Mine is 24.24%!

 

It get one small purchase every 3-4 months and back in the SD it goes.

Discover IT $35K | FNBO Visa $30K | Cash+ Visa Sig $19.5K | Southwest Premier $16K | Priceline $15K | Citi Forward $14.3K | US Bank Plat $14K | Commerce Bank $13K | CSP $13K | Sallie Mae World MC $10K | Lowe’s Consumer 10K | BoA Cash Rewards 1-2-3 Sig $7.5K | Fidelity Visa $7K | Citi Double Cash $6.5K | WF Cash Back Visa $5.4K | Capital One Cash Rewards $5K | AMEX BCE $3.9K | Freedom $2.5K | Younkers/Comenity $2.4K | Kohl’s 1.5K | Target $1.4K | EX FICO (from AMEX): 768, TU FICO (from Discover): 797, AAoA: 4.4 years
Moderator Emerita
Posts: 28,095
Registered: ‎04-01-2007
0

Re: ARE YOU KIDDING ME CHASE

 


fused wrote:

haulingthescoreup wrote:

 

I just checked my account, and my APR is 19.24%. It used to be 20-something. If I ever need to carry a balance, I just won't do it on a rewards card. * shrugs *


Exactly, make the card work for you!!!!!! I do understand the OP's displeasure, tho.Smiley Happy


 

Oh, sure, I do too.

 

My belief is that lenders are looking for suckers that will start carrying balances and pay those nice fat APR's. I just figure that they don't know me very well. Smiley Wink

* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Moderator Emeritus
Posts: 16,381
Registered: ‎03-12-2007
0

Re: ARE YOU KIDDING ME CHASE

 


haulingthescoreup wrote:

 

Oh, sure, I do too.

 

My belief is that lenders are looking for suckers that will start carrying balances and pay those nice fat APR's. I just figure that they don't know me very well. Smiley Wink


Ok, don't get me started on how much I despise banks.Smiley Very Happy

 

Credit Profile - FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 27 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: TU 1


Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring World Mastercard ~ Chase Freedom Signature Visa ~ CITI Dividend World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Valued Contributor
Posts: 1,129
Registered: ‎01-20-2011
0

Re: ARE YOU KIDDING ME CHASE

 


smc733 wrote:

22.9% APR on my new Freedom card?  Bye-bye, sockdrawer bound this card is...

 

Citi it is for my primary, Discover as a backup, until my 4506 clears and hopefully my Zync comes in, then Discover will join BofA and Chase in the sockdrawer.


I am sorry if I sound like playing Devil's Advocate yet again, but I am curious about your credit. I am not saying you have anything wrong with your credit, I am only trying to understand more as I have seen you having trouble with zync approval and now chase gave you terrible terms. If you don't mind, can you please share more about your credit?

 

Amex PRG | BoA Cash rewards 35K | BoA Cash rewards 7K | Citi AAdvantage 15 K | Chase Sapphire Preferred 11 K | Chase Freedom 10k | Chase United 5 K | Chase Southwest 5K | Chase Airtran 6.4K | Discover IT 8K | Barclays US Airways 7.8 K | DCU 3 K | US Bank Flex Perks 8K | Toys r US 6 K | JC Penney 4.6 K | Macy's 1200 | Kohl's 600
Ex Fico: 762 (PSECU)
EQ Fico: 764 (DCU)
TX Fico: 773 (Discover)
Regular Contributor
Posts: 108
Registered: ‎01-04-2008
0

e doing Re: ARE YOU KIDDING ME CHASE

What do you actually want from a new card?  Low APR?  High CL?  Higher overall CL across all cards?  Better rewards?  Figure out your goals, and apply for what you actually want.  Save yourself the disappointment.

 

You've basically got four 1% cards, at least two of which (not sure about Citi) have 5% rotating categories that are the same as each other anyway.  And the Amazon.  So unless you're only goal is to add more cards, then you need to sit down and figure out what would actually make sense for you to add to your collection which won't end up in a sock drawer.

 

I'll give you an example, because I think many people do the same thing.  I basically had the same cards as you last year, give or take.  So when i added two cards last August, they were specifically NPSL cards, so I'd have "hidden" limits.  Last week I added a Penfed Cash Back for the 5% gas, as I only have the Discover/Chase/Citi with rotating 5% gas in the summer, but the same period for all three.  Worthless!  I added Navy Platinum non rewards because if I ever need to carry a balance, I now have a 7.74% APR card to do it on, and it has no BT fees.  I plan on adding a PSECU card just for the 9.99% cash advances.  Never taken one out before, but you never know. 

 

Think about what you're applying for.  Chase Freedom offers you nothing in terms of different rewards vs what you already have.  I can only guess that you're just adding cards to add them...and there's nothing wrong with that.  But most of them will end up in the sock drawer that way.  Why not add PSECU?  You're already a member judging by your EX FICO, so...they give high CL's, and low APR's.  There ya go.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.