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Established Member
tracynva
Posts: 12
Registered: ‎06-09-2009

Capital One Automatically Lowered my APR!!

My January statement included the following love note from Capital One:

 

Good News: Because of your on-time payment history, some or all of your Annual Percentage Rates

(APRs) have been returned to your Non-Introductory Rate. 

 

My purchase APR went from 23.15% to 7.79% AND they lowered the APR on my prior balance transfer from 23.15% to 3.99%.  This was after 12 months of on-time payments.

 

...and I didn't even have to ask! :smileyvery-happy:


Starting Score (6/9/09): TU 610 | EQ 600
Current Score (01/15/2013): TU 734 | EQ 719
Goal Score (12/31/2013): TU 750 | EQ 750


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Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008

Re: Capital One Automatically Lowered my APR!!

Wow!  And Congrats!

 

 

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09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: Capital One Automatically Lowered my APR!!

Great news!!!  That doesn't seem to happen very often.
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009

Re: Capital One Automatically Lowered my APR!!

Very nice! Congratulations!
Senior Contributor
score_building
Posts: 3,513
Registered: ‎01-10-2008

Re: Capital One Automatically Lowered my APR!!

that's a nice decrease, congrats!
FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Established Contributor
PurpleHaze
Posts: 717
Registered: ‎03-05-2008

Re: Capital One Automatically Lowered my APR!!


tracynva wrote:

My January statement included the following love note from Capital One:

 

Good News: Because of your on-time payment history, some or all of your Annual Percentage Rates

(APRs) have been returned to your Non-Introductory Rate. 

 

My purchase APR went from 23.15% to 7.79% AND they lowered the APR on my prior balance transfer from 23.15% to 3.99%.  This was after 12 months of on-time payments.

 

...and I didn't even have to ask! :smileyvery-happy:


 

Hi and congrads. I posted about this happening to me about a month ago. Lowered mine 12.90% from 23.15%.  I just cant get them to give me a cli.

Starting Score: EQ: 633 (12/31/09) TU: 651 (12/31/09)
Current Score: EQ:633 TU: 651
Goal Score: EQ: 700 TU:700


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Super Contributor
DI
Posts: 5,767
Registered: ‎01-28-2008

Re: Capital One Automatically Lowered my APR!!

Congratulations.  Capital One is becoming the newest Credit Union in a sense.  They're very competitive. 
Senior Contributor
score_building
Posts: 3,513
Registered: ‎01-10-2008

Re: Capital One Automatically Lowered my APR!!


DI wrote:
Congratulations.  Capital One is becoming the newest Credit Union in a sense.  They're very competitive. 
:smileysurprised: 

 

 

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Frequent Contributor
Gibran
Posts: 331
Registered: ‎09-26-2009

Re: Capital One Automatically Lowered my APR!!

Congrats!!

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Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009

Re: Capital One Automatically Lowered my APR!!


DI wrote:
Congratulations.  Capital One is becoming the newest Credit Union in a sense.  They're very competitive. 

NOT!

 

I can't recall the last time I saw a post decrying a CU for CC that was stuck perpetually at a low CL by design or pulling three hard INQ's for an app as a matter of policy.


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