Discover More Card APPROVED

[Anonymous]

When I app'ed last March I received the 10.9% rate with an intro 0% purchase rate for 6 months.

DW app'ed a few months later, around June or July, and she got 18.99%

Daughter app'ed this month and got 18.99%.  The terms disclosure when she app'ed said would range from 10.9 to 22.9.

I see that Discover is POUNDING for new cardmembers with telemarkting and mailers and approving what appears to be more applications but with higher average rates.

txjohn

[Anonymous]

Asteroidblues:

May I ask what is your current APR on your Discover card now?

One of my friend who had been a Discover card member for 12 years and his APR is around 17%..He always pay the balance in full and so he doesnt mind, he said..

When I get the card in the mail this week, I have one hurdle to do. NEGOTIATE for lower APR or CANCEL. I will update it when the card arrive...

[Anonymous]

TxJohn:

I think so too. I have a solid credit history and high credit score 700+ and i got 19.99% APR..I dont deserve this at all. This is the highest APR on any credit card I ever applied. Eventhough I dont plan to carry balance but I still feel uneasy thinking about the APR when I use the card..It makes me angry Lol

[Anonymous]

17.24%

[Anonymous]

not bad..Did they increase your APR to 17.24% or they started you off with 17.24?

[Anonymous]

My Variable is PRIME + 13.99%

PRIME is 3.25%

3.25+13.99=17.24%

Originally it was 5+13.99=18.99%

Prime rate is published in Wall Street Journal

[Anonymous]

Oh thanks for informing me this, I will have to ask if my APR 19.99 is fixed or Variable, if it is variable then im efffing screwed..No way in hell I will accept Prime Rate + 19.99%. I will close the account immediately if that is the case..

[Anonymous]

if your rate is variable it is probably

3.25 + 16.74= 19.99

[Anonymous]

I rather take the 16.74% =X

[Anonymous]

Congrats on getting the Discover More card, its an excellent card to have.

Its not my favorite that i have, they've given me a generous CL and timely CLI but also a high APR, so sadly it doesnt get much use. =(