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Valued Contributor
Posts: 1,960
Registered: ‎08-13-2007
0

Discover APR reduction...

[ Edited ]

I called Discover this to ask about a rate reduction.

 

My current APR was 19.99%. They lowered it to 16.24%.

 

Just wondering if this is a good rate for Discover? What kind of rates do  other forum members have?

Ray

** Every Card has a Job, and Every Card does its Job **

Frequent Contributor
Posts: 455
Registered: ‎06-08-2008
0

Re: Discover APR reduction...

Mine is 19.99 and I would be happy with what you got.  I bet you got your card sometime in the last 16 months? 

 

People who got their cards before the crunch I bet have lower rates Discover wish they could get rid of.  Accounts opened more recently seem to be at rates closer to ours, I think.

Valued Contributor
Posts: 1,960
Registered: ‎08-13-2007
0

Re: Discover APR reduction...


Scuba wrote:

Mine is 19.99 and I would be happy with what you got.  I bet you got your card sometime in the last 16 months? 

 

People who got their cards before the crunch I bet have lower rates Discover wish they could get rid of.  Accounts opened more recently seem to be at rates closer to ours, I think.


Yes, it is just at 18 months now...

Ray

** Every Card has a Job, and Every Card does its Job **

Super Contributor
Posts: 5,722
Registered: ‎10-06-2007
0

Re: Discover APR reduction...

When I was in a DMP program,  Discover was the only CCC who wouldn't reduce my APR.  Even BofA did that for me.  LOL I wouldn't even get the Sams branded Discover card.

09/10/2016 FICO: EQ: 797 EX:788 TU:795
Established Contributor
Posts: 912
Registered: ‎06-14-2012
0

Re: Discover APR reduction...

i dont have a DISCOVER card YET, its on my list of cards to get lol but they have sent me 2 pre-approved offers for the discover more card wth a specific 14.99% APR. it kind of threw me off at first b/c i get pre-approval offers alot but DISCOVER is the only one who has ever sent me a pre-approval specific APR.



Starting Score: EQ 609, EX 633(Fako), TU 700
Current Score: EQ 699, EX 758, TU 733
Goal Score: 720 across the board
Garden Club Member-GC Challenge: App free since 10/31/12 Smiley Wink
Valued Contributor
Posts: 2,528
Registered: ‎11-11-2010
0

Re: Discover APR reduction...

I just got my Discover card and it is 14.99% for APR.

In My Wallet:
Citi Forward (12/2010) | Citi Dividend (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Established Member
Posts: 24
Registered: ‎07-25-2012
0

Re: Discover APR reduction...

I have a 16.99% variable APR on my Discover More which is 4.5 years old but I PIF. I believe I started out with some kind of promotional rate that was less than that until the credit crunch.

 

FICO: Ex 782(AMEX)
Cards: Amex BCE(2500), Discover(2500), Target (500)
App'd Amex & Target Jul 2012, Gardening til 2013 or beyond
Goals: Visa or MC Rewards Card after first home (2014-2015)
Valued Contributor
Posts: 1,960
Registered: ‎08-13-2007
0

Re: Discover APR reduction...

[ Edited ]

She offered me 3.9% for a year but I declined that telling her I never carry a balance.

 

The lower rate is fine and learning of the 14.99% here gives me a goal to achieve!

Ray

** Every Card has a Job, and Every Card does its Job **

Super Contributor
Posts: 6,677
Registered: ‎04-07-2008
0

Re: Discover APR reduction...

Mine is at 19.99 too, i assume there was no HP or SP to get the APR lowered?




Frequent Contributor
Posts: 399
Registered: ‎08-02-2011
0

Re: Discover APR reduction...

Every 6 months you can call in and they offer a choice between a low 0%-3% promo rate for 6 mo or a permanent APR reduction.


Starting Score: 690
Current Score: EQ 780 EX 814 TU 783
Goal Score: 800

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