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Amex APR Decrease Offer

Regular Contributor

Amex APR Decrease Offer

Anyone else got this offer via snail mail or email? never happened to me before

 

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335K+ in open revolvers. 12% UTIL, 2 Atlantic Fed CU Autos @2.99,
MyFico Inquiries- TU:7, EQ:9, EX: 7
Starting Scores: 6/12 MyFicoEX: 613 11/13 MyFicoTU:614
July '17 Scores: MyFicoEX: 706 MyFicoEQ: 717; MyFicoTU:724 Short term goal: 740+ Last app 12/16(Mortgage). Gardening through 2017
Message 1 of 12
11 REPLIES
Super Contributor

Re: Amex APR Decrease Offer

Not me, but congratsSmiley Happy
Message 2 of 12
Regular Contributor

Re: Amex APR Decrease Offer


gurusexy wrote:

Anyone else got this offer via snail mail or email? never happened to me before

 

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Received one today too.

 

4.99% for 12 months

 

Not going to bite but I think I might jump on chat and see if there's a permanent APR decrease available Smiley Happy See if there's a correlation.

 

I'll post back and let you know.

Message 3 of 12
Regular Contributor

Re: Amex APR Decrease Offer

Well just got off chat....no dice.

 

 

Message 4 of 12
Regular Contributor

Re: Amex APR Decrease Offer


Bone35 wrote:

Received one today too.

 

4.99% for 12 months

 

Not going to bite but I think I might jump on chat and see if there's a permanent APR decrease available Smiley Happy See if there's a correlation.

 

I'll post back and let you know.


Out of curiosity, why WOULDN'T you take the offer?  It doesn't look like they're asking for any kind of commitment on your end.  

Message 5 of 12
Regular Contributor

Re: Amex APR Decrease Offer


MIDWESTCOAST wrote:

Bone35 wrote:

Received one today too.

 

4.99% for 12 months

 

Not going to bite but I think I might jump on chat and see if there's a permanent APR decrease available Smiley Happy See if there's a correlation.

 

I'll post back and let you know.


Out of curiosity, why WOULDN'T you take the offer?  It doesn't look like they're asking for any kind of commitment on your end.  


Great question...

 

2 reasons

 

1.    I would disqualify myself from any permanent APR reductions while the promo was in effect.  I'm looking for long-term apr reductions (which I have been receiving) 1-3% every few months with Amex. So essential I'd be missing out on at least couple reductions in that 12 month period .

 

2. I don't carry balances with Amex but if I did, it would have to be a 0% offer, not 4.99%

 

Hope that helps..

Message 6 of 12
Senior Contributor

Re: Amex APR Decrease Offer

AMEX doesn't like people carrying balances and here they go encouraging it.

I'm not sure what they want. I would never carry a balance on my AMEX cards.
NFCU Platinum $7300- AMEX BCP $9000- PenFed Power $11000- Chase FU $11700- DCU Platinum $15000- Care Credit $15000- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $28750 **As of 12/9/17** EX- 756(16) TU- 775(15) EQ- 742(15) UTI 8%- Clean Files
Message 7 of 12
Regular Contributor

Re: Amex APR Decrease Offer

Looks like I am in the middle. I got one for 6.99 for a year. I don’t even revolve my revolvers so not sure why i need this offer. Not going to bite at any rate as I have zero/zero balance transfer offer at navy. The typical 3% offers don’t get play so this one surely wouldn’t either.

 

Oh, and I’m with Donny. Amex doesn’t seem to like that behavior, so why are they encouraging it?? Perhaps they got a little Barclaycard on them, who knows, but I wouldn’t do it. 


Current Score: EQ753 TU769 EX778
Goal Score: 800's once again


Note to self: Garden. Must garden till 3rd Qtr, 2018
Message 8 of 12
Valued Contributor

Re: Amex APR Decrease Offer

That's cool! Congrats!
Previous Scores 02/29/2016: TU FICO: 752 | EQ FICO: 710 | EX FICO: 721
Curent Scores 03/27/2016: TU FICO: 754 | EQ FICO: 713 | EX FICO: 725
Lowes $35K | Walmart $25K | Stash Visa $25K | NFCU CashRewards $22K | NFCU LOC $15K | PenFed Visa $15K | |Total CL: $181,700
Headed to the garden: 10/2017

Message 9 of 12
Valued Contributor

Re: Amex APR Decrease Offer

Sure woulda been nice to be asked. Oh well, my BCE turns 1 year old in 3 weeks so maybe then. I dont carry a balance either



3/16 EX 644 CK-TU 642 CK-EQ 660 WalMart- 671.
>11/17 CCT EX 735 TU 807 EQ 716
You are only young once, but you can be immature forever
Message 10 of 12