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Discover APR reduction...

Valued Contributor

Discover APR reduction...

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 **
Message 1 of 28
27 REPLIES
Frequent Contributor

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.

Message 2 of 28
Valued Contributor

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 **
Message 3 of 28
Super Contributor

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.

01/23/2018: FICO 829 EQ 827 TU 831 EX
Message 4 of 28
Established Contributor

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
Message 5 of 28
Valued Contributor

Re: Discover APR reduction...

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

Message 6 of 28
Established Member

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)
Message 7 of 28
Valued Contributor

Re: Discover APR reduction...

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 **
Message 8 of 28
Super Contributor

Re: Discover APR reduction...

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




Message 9 of 28
Frequent Contributor

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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Message 10 of 28