Freedom auto APR decrease

[Anonymous]

It's exciting news but nothing of pratical use (for me) unless I planned to carry a balance. I have a number one rule. Always have the cash to cover it in case I lose my job or become ill or disabled. 

I don't have credit cards because it is a need or I need to borrow money. I have it simply for the cash back rewards and cash sign up bonuses. I'll take the freebies, thank you.

[Anonymous]

I've had the Freedom for almost a decade.  When the banking industry crashed back in 09, Chase, AMEX and BOA reduced my limits even though I had no adverse payment history.  About 2 years ago I went from mid 700s to 620 because of a few hiccups (some student loan lates and a small medical collection).  since last fall I raised my score by 100 points.  This summer my util dropped from 18% to 8%. 

[Anonymous]

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@Anonymous wrote:

I've had the Freedom for almost a decade.  

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Damn. I didn't know the Chase Freedom is that old. 

[kdm31091]

I can only hope that this means chase will become a bit less rigid with APRs. Currently they are very non-budging about it

[Anonymous]

Did you just call me old?

[Anonymous]

My friend has had his for around 10 years.

[Anonymous]

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@Anonymous wrote:

Did you just call me old?

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No. Unless your name happend to be Chase Freedom. 

[Anonymous]

This gives me so much hope. Maybe one day my first cards will have a decent APR, and I'll be able to keep them as I get older!