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Valued Contributor
Posts: 1,190
Registered: ‎09-22-2013

Citi APR Lowered

so I realized alot of people been getting APR reductions from Citi lately. I just got off the fone with CS, they had no offer available for my Prestige so I got transferred over to retentions. The lady offered to lower my APR to 9.99% unfortunately it's a promotional rate only good for 12 months (current APR is 13.74%). Really wish it was permanent tho

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Valued Contributor
Posts: 2,254
Registered: ‎02-14-2016
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Re: Citi APR Lowered

just curious, why does the APR matter if you pay the balance every month?

Established Contributor
Posts: 779
Registered: ‎01-18-2017

Re: Citi APR Lowered


wanderingbuilder wrote:

just curious, why does the APR matter if you pay the balance every month?


Its just like chasing larger credit lines. Yes, there is a FICO score reason to obtain higher limits-to a point-but most here get nowhere near their available credit (which is a good thing). Its all part of the game. For me, I have built an impressive credit history and I like to be rewarded for it. If there are lower APRs available, I believe that I should have it. Do I feel entitled? To a point maybe, but really it is just part of the credit game. Plus, you never know when you might need to revolve a balance for a month or so. 


Valued Contributor
Posts: 2,254
Registered: ‎02-14-2016

Re: Citi APR Lowered


CO_NATIVE wrote:

wanderingbuilder wrote:

just curious, why does the APR matter if you pay the balance every month?


Its just like chasing larger credit lines. Yes, there is a FICO score reason to obtain higher limits-to a point-but most here get nowhere near their available credit (which is a good thing). Its all part of the game. For me, I have built an impressive credit history and I like to be rewarded for it. If there are lower APRs available, I believe that I should have it. Do I feel entitled? To a point maybe, but really it is just part of the credit game. Plus, you never know when you might need to revolve a balance for a month or so. 


Fair enough. i was just asking out of sheer curiosity as I don't really care at all what my interest rates are, if they are not 0%, but that does make sense if you're wanting it for personal reasons like that.

 

In my own case, I try to just keep a 0% BT offer, or new 0% card floating around for emergencies, since it has become obvious to me that rewards cards seem to go hand in hand with 15% or higher APRs even with a pretty strong profile.

Established Contributor
Posts: 847
Registered: ‎06-02-2016

Re: Citi APR Lowered


CO_NATIVE wrote:

wanderingbuilder wrote:

just curious, why does the APR matter if you pay the balance every month?


Its just like chasing larger credit lines. Yes, there is a FICO score reason to obtain higher limits-to a point-but most here get nowhere near their available credit (which is a good thing). Its all part of the game. For me, I have built an impressive credit history and I like to be rewarded for it. If there are lower APRs available, I believe that I should have it. Do I feel entitled? To a point maybe, but really it is just part of the credit game. Plus, you never know when you might need to revolve a balance for a month or so. 


Wow and thank you @co_native. You clarified exactly what I wanted to articulate.


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