Valued Contributor
Posts: 2,205
Registered: ‎12-06-2007

Re: Any tips on how to get a rate reduction from Chase and Discover

haulingthescoreup wrote:

armywifey85 wrote:

USAA is giving out 4% right now guess the credit crisis isn't hurting them thank god !!

FWIW, I just got a letter from them yesterday saying that they were raising the basic rate on all their cards to 11.99%, and that it was unrelated to the status of one's individual credit.


I got the same exact letter. It is only for my MC and not my Amex (yet) I called today to get property insurance and asked a few questions concerning this letter when they transferred me. She said my Amex is new, so it may eventually end up with the higher apr. Right now it is prime +3.99
Senior Contributor
Posts: 3,684
Registered: ‎01-10-2008

Re: Any tips on how to get a rate reduction from Chase and Discover

javi84 wrote:

Thanks, I gave it a try and Chase gave me the usual "we're sorry but that's the lowest we can offer, call back in a few months". Discover was more helpful, they lowered it from 16.99% to 14.99%. Not a whole lot but definately helpful.



congrats!  even a modest reduction can help you pay down faster.  if you continue to make good progress you may find you are able to receive further reductions over time.


you mentioned that you were submitting a rate reduction request for the first time, how long have you had your discover card?  were you required to fill out a form receieved by snail mail in order to complete your apr reduction request as indicated by PP.

06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
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 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.

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

IMPORTANT INFORMATION: All FICO® Score products made available on 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.