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Discover 9.99% ARP?

Established Member

Discover 9.99% ARP?

Greetings everyone,

 

I am currently looking to apply for either the Discover More or Chase Sapphire Preffered card in about a week or so. Every now and then I like to see what I am "pre-approved" for on discover to compare rates and such. Well today I noticed that am "pre-approved" for 9.99% apr., now is it a typo or a mistake because on the website I see that their apr normally ranges  from 10.99%-19.99%. Has anyone else received this offer? About a month ago I was offered 14.99% so I wasn't sure if this was a legit offer or perhaps a system mistake.

Capital One Platinum - $5,000 \ Care Credit - $10,000 \ American Express Blue Card - $18,000 \ Chase Sapphire Preferred - $6,000 \ Discover More - $3,000
Message 1 of 10
9 REPLIES
Established Contributor

Re: Discover 9.99% ARP?

Good luck on your approval for the Discover More or Chase Sapphire Preffered cc.

Message 2 of 10
Valued Contributor

Re: Discover 9.99% ARP?

I think your pre approved for 9.99% for intro apr. I was approved for 2.99% intro apr for 6 months
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Message 3 of 10
Established Contributor

Re: Discover 9.99% ARP?

Maybe it's a promotional rate?

 

Message 4 of 10
Frequent Contributor

Re: Discover 9.99% ARP?

yes, i think it may be a promo rate, mine was 0% for 15 months I think (since I PIF I don't really remember what it will change to)

Back in the garden!
App free since 23Oct2012 reset to 27Aug13 and reset again 4nov13
Message 5 of 10
Established Member

Re: Discover 9.99% ARP?

It states the following if it helps..

 

  • 0.00% Intro Purchase APR
  • 15 Months Intro Purchase APR Duration then Purchase APR
  • 0.00% Intro Balance Transfer APR Transaction Fees Apply *
  • 15 Months Intro Balance Transfer APR Duration then Purchase APR
  • 9.99% Purchase APR* No Annual Fee
  • $100 Cashback Bonus for spending $1000 in your first 3 months

 

Again I was just confused as I thought their lowest APR was 10.99%, perhaps it is a targeted offer? If it is legit it looks like a wonderful offer!

Capital One Platinum - $5,000 \ Care Credit - $10,000 \ American Express Blue Card - $18,000 \ Chase Sapphire Preferred - $6,000 \ Discover More - $3,000
Message 6 of 10
Established Contributor

Re: Discover 9.99% ARP?

targeted offers are usually never quite the same as what you'll see on the website going for a cold app. And that is a great offer.

EQ-736(08/14) TU-752(09/14)
Newest to Oldest
Barc Sallie Mae 6K | Citi TY Pref 4.5K | US Bank Cash+ 10K | Chase Freedom 11.7K | Disc It 10.5K | Amazon Store 2.5K | BOA Cash Rewards 10.5K |

Closed Cards: 4 Oldest: 3yrs AAOA: 2yrs
Message 7 of 10
New Contributor

Re: Discover 9.99% ARP?

Good purchase APR but, what is the regular cash advance APR?

Message 8 of 10
Established Contributor

Re: Discover 9.99% ARP?

I think they have been lowering their APRs lately, mine was lowered last month from 11% to 9% and they sent me an email

Disclosure to inform me of the change...


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
Message 9 of 10
Established Member

Re: Discover 9.99% ARP?

I have no idea what the cash advanced rate would be but it isn't too much of a concern due to that fact that I have never used that feature in the past. I just might accept this offer as it seems really fantastic. From what I have heard Discover is a good card to cary.

Capital One Platinum - $5,000 \ Care Credit - $10,000 \ American Express Blue Card - $18,000 \ Chase Sapphire Preferred - $6,000 \ Discover More - $3,000
Message 10 of 10