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Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
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Does GECRB ever lower APRs?!

Of all my credit lines w GE, I only owe on one: Paypal MC... I owe like $800 at this point. I know I posted previously that I'd pif, but I could only bear to part with about half of the bal at that time (was $1500). I could still pay the rest off, but $800 on a $20k line is nbd...

But the apr is 23.99%.
I've asked them a few times to reduce the APR; they always deny, stating that accts are reviewed blah blah blah

So has anyone here EVER gotten GE to reduce an APR?
Pre-credit crisis stores don't count lol--- so after 2008 is what I'm interested in.
:-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Valued Contributor
Posts: 1,863
Registered: ‎09-20-2011
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Re: Does GECRB ever lower APRs?!

Nope, that's how they make thier money.  Unlike visa etc. they don't get swipe fees.

Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Does GECRB ever lower APRs?!

AFAIK they do not. In all reality their cards arent ment to carry big balances other than deferred interest promotions.



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Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
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Re: Does GECRB ever lower APRs?!

It's a Mastercard, duh lol

Yeah, I know. I just don't wanna let go of another $800! I value my liquidity! I do, however, have a few cards still in their 0% bt offer periods lol i.e. Citi Dia, Freedom, And even Motiva lol.
Suppose I'll just pay it. Meh

Thanks :-)
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Contributor
Posts: 119
Registered: ‎01-14-2012
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Re: Does GECRB ever lower APRs?!

[ Edited ]

Thats why as I payoff GECRB credit cards, I shread them. some of their cards are at 29.99% and the default interest rate is rhe same 29.99%!



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Senior Contributor
Posts: 6,242
Registered: ‎08-16-2012
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Re: Does GECRB ever lower APRs?!

Lol yeah, I have a ton of credit from them but this is the only balance Ive ever revolved. I guess tossing them a bone for all the credit theyve extended me isn't so bad haha
Marriott PR$25k | BCE $24.5K |BankAmericard Visa $25k| Wmt Discover $12.5k | BR Visa $12.5k | Amex Delta Gold $10k | Discover IT $10k | Paypal Extras MC $15k | Amazon Store $10k|Arrival $12.7k | Smile Gen $7.25k | Dillard's $10k | West Elm $4k| Express $3.05K | Mypoints.com Visa $4.5k | Freedom Visa $1k| Amex Surpass $1k
Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Does GECRB ever lower APRs?!

[ Edited ]

Not sure what happened with this post :smileyindifferent:

 

What I meant to say was I agree with you that you need to "give them a bone" every now and then but PIF. I have 35K in credit lines with them andim VERY grateful of that and run a good bit of money through their cards.




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
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Established Contributor
Posts: 930
Registered: ‎07-30-2011
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Re: Does GECRB ever lower APRs?!

GECRB cards all have high APRs and they stay that way.  I have the Walmart Discover and the interest rate is always 22.9%, no matter what.


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Mega Contributor
Posts: 15,442
Registered: ‎04-09-2011
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Re: Does GECRB ever lower APRs?!


lithium78 wrote:

GECRB cards all have high APRs and they stay that way.  I have the Walmart Discover and the interest rate is always 22.9%, no matter what.


The Sam's Club Discover is actually tiered based on your creditworthiness. I think you could get it down to 15%.

 




Silver Spade Garden Club Member - Last App 12/16/13 - Looking for a clean slate NO INQ's / Diamond Inspired!
Starting Score:
EX (PLUS) 583 EQ FICO 565 TU FICO 590 3/15/2011 / Goal Scores: 720
Current Score: EX FICO (PSECU) 671 (myFICO) N/A / EQ FICO 679 / TU08 FICO 678 / TU VS 706 3/6/2014
Moderator
Posts: 27,205
Registered: ‎09-13-2012
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Re: Does GECRB ever lower APRs?!

Wouldn't that be the best of both worlds? Low aprs, generous CLI's and  fairly easy to establish or reestablish credit!  :smileytongue:

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