Reply
Frequent Contributor
Posts: 322
Registered: ‎09-09-2010
0

Freedom interest rates

Hubby is thinking about chase freedom with the current promo. The online pre selector shows the freedom but shows a 22.99 interest rate. His scores are mid 750s. Discover just recently approved him at 13.99.
Any chance the rate will be lower when they hp? I don't want him to supply if he is getting that kind of interest rate. . Just in case there is ever a time when he would need to carry a balance.


Eq 702 TU 707 Exp 718
New Contributor
Posts: 107
Registered: ‎10-31-2013
0

Re: Freedom interest rates

I just did my pre-qualify through Chase and it had me down for 13.99%.  Are you sure your partner has a score in the 750's?  Mine is at 780 with EX, which is what Chase normally pulls.



Senior Contributor
Posts: 3,258
Registered: ‎11-13-2012
0

Re: Freedom interest rates

My Fico EQ was 784 when I applied and I got 22,99% APR....this due to the very low internal score from my app spree....it was new card #4....should have waited....the bad part is that Chase probably will never adjust it anymore...LOL
FICO® EQ 788 (as of today) - TU 778 (12/27) ¦ Fako EX 811 (12/02 - CS) ¦ last app 01/19/15 ¦ INQ last 2 yrs TU: 5, EX: 5, EQ: 3

Move the mouse over the cards for detailed view!


Frequent Contributor
Posts: 322
Registered: ‎09-09-2010
0

Re: Freedom interest rates

Hmm I think we'll check it again when his discover reports and the 3x cli reports from his au amex. Plus it just got backdated and that hasn't reported either. I like the 200 but not feeling 22.99.


Eq 702 TU 707 Exp 718
Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Freedom interest rates

If I am not wrong, it is possible to request for an APR reduction with Chase? Not too sure if it will involve a HP though. Maybe it is something you can try ask right after you're done asking for a CLI?

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Senior Contributor
Posts: 3,258
Registered: ‎11-13-2012
0

Re: Freedom interest rates

@ enharu
In Feb or Mar I will ask for a conversion to a Siggy and try my mission to lower the APR. Chase just approved me for the Mariott card @15,24 and 16K limit 10 days ago so my internal score must have gone up.....high APR = no interest at all for a lender...low APR = maybe some interest from me...it is all their choice :smileyhappy:
FICO® EQ 788 (as of today) - TU 778 (12/27) ¦ Fako EX 811 (12/02 - CS) ¦ last app 01/19/15 ¦ INQ last 2 yrs TU: 5, EX: 5, EQ: 3

Move the mouse over the cards for detailed view!


Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Freedom interest rates

I know the APR on the Freedom and Slate can be adjusted. Just not too sure about whether the APR on the Marriott, CSP and other cards can be, since they have the same standard rate.

 

I know it is possible with Citi to lower the APR to something lower than the standard rate though.

 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Senior Contributor
Posts: 3,258
Registered: ‎11-13-2012
0

Re: Freedom interest rates

I believe Marriott is their prime rate...so that is just perfect. ...Freedom is by far my highest APR that is why I call it "penalty APR" ....because Chase can do better if they want :smileyhappy:
FICO® EQ 788 (as of today) - TU 778 (12/27) ¦ Fako EX 811 (12/02 - CS) ¦ last app 01/19/15 ¦ INQ last 2 yrs TU: 5, EX: 5, EQ: 3

Move the mouse over the cards for detailed view!


Valued Contributor
Posts: 7,035
Registered: ‎10-21-2012
0

Re: Freedom interest rates


enharu wrote:

I know the APR on the Freedom and Slate can be adjusted. Just not too sure about whether the APR on the Marriott, CSP and other cards can be, since they have the same standard rate.

 

I know it is possible with Citi to lower the APR to something lower than the standard rate though.

 


Chase is just one of those finicky lenders who won't adjust the rates, unfortunately.  They may periodically review a cardholder's account every so often but it's rarely lowered.  Usually, when the best optimal conditions occur, it's best to re-apply again and hope you get slotted with the best APR.

Super Contributor
Posts: 7,132
Registered: ‎02-27-2013
0

Re: Freedom interest rates


FinStar wrote:

enharu wrote:

I know the APR on the Freedom and Slate can be adjusted. Just not too sure about whether the APR on the Marriott, CSP and other cards can be, since they have the same standard rate.

 

I know it is possible with Citi to lower the APR to something lower than the standard rate though.

 


Chase is just one of those finicky lenders who won't adjust the rates, unfortunately.  They may periodically review a cardholder's account every so often but it's rarely lowered.  Usually, when the best optimal conditions occur, it's best to re-apply again and hope you get slotted with the best APR.


ah i see. thanks for the clarification.

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.