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Regular Contributor
Posts: 139
Registered: ‎04-19-2014

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
Senior Contributor
Posts: 9,380
Registered: ‎04-23-2016
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Re: Amex APR Decrease Offer

Not me, but congratsSmiley Happy
Regular Contributor
Posts: 113
Registered: ‎01-22-2008
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Re: Amex APR Decrease Offer


gurusexy wrote:

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

 

Capture.PNG


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.

Regular Contributor
Posts: 113
Registered: ‎01-22-2008
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Re: Amex APR Decrease Offer

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

 

 

Contributor
Posts: 108
Registered: ‎06-08-2017
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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.  

Regular Contributor
Posts: 113
Registered: ‎01-22-2008

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..

Senior Contributor
Posts: 4,270
Registered: ‎11-11-2015

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.
AMEX BCP $9000- DCU Platinum $10000- PenFed Power $11000- Chase FU $11700- AMEX EDP $15000- NFCU CLOC $15000- Chase CSP $18900- Discover IT Miles $20000- Penfed Promise $25000- NFCU Go Rewards $27100- Venture $27750 **As of 10/17/17** EX- 760(13) TU- 759(12) EQ- 730(14) UTI 5%- Clean Files
Regular Contributor
Posts: 227
Registered: ‎10-11-2016

Re: Amex APR Decrease Offer

[ Edited ]

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
Valued Contributor
Posts: 1,059
Registered: ‎03-10-2015
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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

Valued Contributor
Posts: 1,070
Registered: ‎03-22-2016
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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. One baddie left falls off starting 11/17.
>10/17 CCT EX 732 TU 725 EQ 715
You are only young once, but you can be immature forever

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