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Established Member
vsweetee1
Posts: 20
Registered: ‎02-20-2009

Discover APR Reduction UPDATE

[ Edited ]

So I've been working on my credit for the last 3 years and have made great progress!  Thank you "My Fico" :smileyhappy:  I applied for Discover last year at the end of July and was approved with a $1500 cl and APR of 20.99%.  At the time I applied there was a 12 month 0% promotion as well.  This is also the last cc I've applied for and I have been in the garden since.  So anyway I've never received an auto cli and I waited till August to call and ask for an APR reduction as I have high utilization and figured they wouldn't do a limit increase.  The agent I spoke with said she could NOT reduce my APR w/o pulling my credit report but that she could extend my 0% promotion for another year.  I took it!  Well got my statement today and the APR was changed to 15.99%, I panicked and thought they didn't honor the 0% so I called.  Well the agent said yes I am getting the 0% promotion till next Oct (2013) and that the APR was changed October 1st from 20.99 to 15.99%.  Woo Hoo!  It may still seem high but its certainly better than 20.99%.  I just wanted to give back to my fico by sharing my story!  Good luck my fico comrades and there is hope, it just takes time and patience but the results get better eventually. :smileyvery-happy:

 


Starting Score: 579
Current Score: FICO EQ659,EX682,TU725
Goal Score: 750


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Contributor
firesoul453
Posts: 142
Registered: ‎08-24-2012

Re: Discover APR Reduction

Thats awesome! I'll definetly have to remeber its possible to extend the into 0% apr!

Congrats!

 

My ultimate credit wish,
a JP Morgan Palladium card
Regular Contributor
kwazziee
Posts: 148
Registered: ‎09-26-2011

Re: Discover APR Reduction

Sweet! I will keep this in mind. Just got y Dsicover card last week with a 15 month 0%. Will try this for sure when the time comes.

Frequent Contributor
AZHeather
Posts: 304
Registered: ‎04-26-2012

Re: Discover APR Reduction

Nice!!  I love my Discover card!


Starting Score: 634 EQ-FICO (4/20/12) 579 EX-FAKO (4/30/12) 629 TU-FICO (5/6/12)
Current Score: 698 EQ-FICO (11/26/12) 705 EX-(11/21/12) 698 TU-FICO (11/26/12)
Goal Score: 720 (for starters)


Take the FICO Fitness Challenge ~ In the garden until June 2013!
Frequent Contributor
Imua
Posts: 282
Registered: ‎01-17-2009

Re: Discover APR Reduction

awesome!!! 2-for-1 :smileyhappy:


BofA visa $9.4k ... BofA Cash Rewards visa sig $10k ... Cap 1 Venture1 visa sig $10k ...
Chase Freedom MC $10k ... Macy's $1.5k ... Macy's Amex $5k ... Sam's Club $6.3k
myFICOs as of 3/25/14:...EX=809 .... EQ=802....TU=787
Regular Contributor
aplast
Posts: 150
Registered: ‎06-20-2012

Re: Discover APR Reduction

I will have to remember this for sure! How cool. Thanks for sharing with us!
American Express Green - NPSL, Sams Club Discover - 4000, Paypal Smart Connect - 4000, Capital One - 3500, Barclaycard Visa - 2500, Walmart - 1500, Discover IT - 1000, Ashley Furniture Home Store - 1000, Care Credit - 1000.
Valued Contributor
maiden_girl
Posts: 1,793
Registered: ‎12-29-2011

Re: Discover APR Reduction

Awesome APR extension!

The truth is out there...
FICO scores: 724 (EQ) 709 (EX) 711 (TU) 4/14 | Goal score: 750+ (all 3)
Tradelines: Capital One (5.0k) | Discover IT (5.0k) | Walmart Discover (3.0k) | Chase Freedom NPSL | Citi Simplicity (8.0k)
--------------------------Gardening until my credit recovers...NO MORE INQUIRES TIL 2015
Senior Contributor
score_building
Posts: 3,468
Registered: ‎01-10-2008

Re: Discover APR Reduction

Good going!! Nice results :smileywink:

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (WALMART)
Established Contributor
migliogiorni
Posts: 657
Registered: ‎06-27-2012

Re: Discover APR Reduction

Never knew CC companies could or would be willing to do that.  Ima try that one when my promo period expires, thanks.

 

BOA: 8.9k
CSP: 5k
Discover: 5k
Citi TY Preferd: 5k
Wally: 5k
JCP: 4.9k
citiForward: 4.7k
ChaseFreedom: 4.5k
DFS: 2k
Senior Contributor
score_building
Posts: 3,468
Registered: ‎01-10-2008

Re: Discover APR Reduction


migliogiorni wrote:

Never knew CC companies could or would be willing to do that.  Ima try that one when my promo period expires, thanks.

 


Wouldn't count on it though, sounds like mileage may vary, not a sure thing.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (WALMART)

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