Chase lowered APR

[ecxpa]

Can't remember the exact numbers but got a letter from Chase lowering my APR on a Freedom card......what does this mean.  Is it a good sign for a CLI or do they just want me to start using the card more? 

[grinlikechelsea]

You're actually the second person I've ever heard of getting their APR reduced on a Chase card (Ron had his Sapphire APR reduced). I don't know if it means you're more likely to get a CLI, but Chase certainly likes you!

[Shock]

My mom got a lowered APR on her Freedom too. She barely uses her card.

And I just got a BT offer on my Amazon. They want to milk me..lol

[grinlikechelsea]

If Chase could lower my 22.9% APR on my Freedom, that would be great...

[ecxpa]

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@grinlikechelsea wrote:

You're actually the second person I've ever heard of getting their APR reduced on a Chase card (Ron had his Sapphire APR reduced). I don't know if it means you're more likely to get a CLI, but Chase certainly likes you!

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They are my friend that's for sure.  Have 6 cards with them 2 Freedom 2.3K, Slate 3.5K, Sapphire 5K, Amazon Visa 3K, and IHG 12K.    I'm afraid to ask for more but I plan to combine some of the CL and cancel some cards.  Got the last 4 cards within the past year.  I also have a HELOC with them. 

[coldnmn]

Congrats! Thanks for sharing.

[LisaJ]

Mine was lowered, too. Not a lot, and it's still way higher than my other cards, but my Freedom was lowered by 2%...on a previous Providian/WAMU. I had been advised MANY times that this would never happen.

I'll take it- I only use them for the rotating categories and never carry a balance. Seems like this is a new and interesting development in the Chase scheme of things.

[dilettante]

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@LisaJ wrote:
Mine was lowered, too. Not a lot, and it's still way higher than my other cards, but my Freedom was lowered by 2%...on a previous Providian/WAMU. I had been advised MANY times that this would never happen.

I'll take it- I only use them for the rotating categories and never carry a balance. Seems like this is a new and interesting development in the Chase scheme of things.

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Yes, I think it's interesting that after almost 15 years of my Freedom card being at the original 24.24%, they finally lowered it this month to 17.24%.

[OnTheRebound]

They lowered my wife's Freedom (Providian/WAMU) APR from 29,24% to 23,24% in the last month or so.

 It wouldn't bother me one bit if they raised it to to 100%. They never have and never will see one cent of interest froom me.

[maiden_girl]

I have paid interest once but it was on 100 bucks and ended up costing like 64 cents at 23.24 APR (odd number I know). It'd be nice if you had an unexpected event and needed to carry a balance for a moment. Low APR could be quite beneficial.