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Amex Blue APRs

Super Contributor

Re: Amex Blue APRs

I know the Prime Rate is low, and my APRs on other Reward cards have dropped, but this is still low for me.

It is almost as if they are testing me to see if the low APR will tempt me to carry a balance Smiley Very Happy

NOT WITH AMEX!!!!
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 21 of 36
Regular Contributor

Re: Amex Blue APRs

I opened my my Hilton Amex in Feb 2008.
My FICOs were around 800 at the time.
The day I opened the account, the rate was 17.24%  However, I had a 1.9% intro rate for 6 mos.
 

Statement 1:  16.49%

Statement 2:  15.99%

Statement 3:  15.24%

Statement 4:  15.24%

Statement 5:  14.99%

Statement 6:  14.99%

 

Here's the thing: I made a few charges and PIF before the first statement. My rate dropped every month that I PIF.  When I opted to carry a balance to see how it would affect my scores, the rate stayed the same...  The first time I didn't PIF, I carried a balance of  about $1,000 and then PIF the next month.

Last month, I carried a balance of $4.05.  My rate didn't drop.  

Message 22 of 36
Moderator Emeritus

Re: Amex Blue APRs

prime rate history -
 
2006-01-31   7.50
2006-03-28   7.75
2006-05-10   8.00
2006-06-29   8.25
2007-09-18   7.75
2007-10-31   7.50
2007-12-11   7.25
2008-01-22   6.50
2008-01-30   6.00
2008-03-18   5.25
2008-04-30   5.00
Message 23 of 36
Established Contributor

Re: Amex Blue APRs

My friend just got 0% until 07/09 and then 9.99 fixed apr.


Starting Score: TU- 682, EQ- 698, EX- 713
Current Score: TU- 723, EQ- 747, EX- 737
Goal Score: 760 PLUS FICO's


Take the myFICO Fitness Challenge

Message 24 of 36
Senior Contributor

Re: Amex Blue APRs

of course with variable rate cards the recent prime rate drops have brought down aprs -not issuer love for cardholder per se.  but it is still the issuer who at their sole discretion can nonetheless raise your apr for any reason despite the rate drops. so if they don't and let you enjoy the lower rate unmolested (the rate obviously only matters if you're carrying a balance) it seems like they are working with you rather than raining on u'r prime rate drop parade, it was heady times!
DCU EQ 5.0, Citi EQ 08 Bankcard, PenFed EX NG2
EX 08: AFCU, Amex, Chase, PSECU EX 98(?)
TU 08: Barclays, Discover
Message 25 of 36
Established Contributor

Re: Amex Blue APRs

My blue is at 6.99
Message 26 of 36
Super Contributor

Re: Amex Blue APRs



plasticguy wrote:
My blue is at 6.99


But you have a quarter of a mill as a credit limit!!  Smiley Very Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 27 of 36
Established Contributor

Re: Amex Blue APRs

Not on 1 card BOFA World Mc $70,000 Chase Freedom World $50,500 BOFA Visa Sig $30,500 Chase Pro Biz $25,000 Account doesn't show on CR :mrgreen: Citizens Bank RBS $25,000 Amex Blue $23,000 PNC Bank $22,500 Merrill Lynch $20,000 GM HSBC Flexible Rewards $16,000 Discover $15,000 Citi Professional $15,000 HSBC Direct $12,500 Capital One $14,000 Citi Diamond $8,300 HSBC Platinum $6,000
Message 28 of 36
Moderator Emeritus

Re: Amex Blue APRs



plasticguy wrote:
Not on 1 card BOFA World Mc $70,000 Chase Freedom World $50,500 BOFA Visa Sig $30,500 Chase Pro Biz $25,000 Account doesn't show on CR :mrgreen: Citizens Bank RBS $25,000 Amex Blue $23,000 PNC Bank $22,500 Merrill Lynch $20,000 GM HSBC Flexible Rewards $16,000 Discover $15,000 Citi Professional $15,000 HSBC Direct $12,500 Capital One $14,000 Citi Diamond $8,300 HSBC Platinum $6,000


What percentage of your annual income does your total available credit represent, if you don't mind me asking?
 
----------------------------
App free since 7/11/08.
TU 744 / EX 710 / EQ 694 (Starting to slip. Smiley Surprised )
Message 29 of 36
Established Contributor

Re: Amex Blue APRs

My annual HHI is 185K
Message 30 of 36