Reply
Established Member
dazed
Posts: 54
Registered: ‎08-26-2007
0

Has anyone had any luck asking for an APR reduction lately?

[ Edited ]
CC customers sometimes used to have some success w/this if they’d been paying on time. I haven’t tried it for a while-the only time I did was w/Chase & they stonewalled me-& now with the economy the way it is I’m wondering if anyone’s had any luck w/it. I’m looking for a 0% intro APR card to BT to & wondering if I should even have this as a possibility in the back of my mind or if I should just forget it until the economy improves.

VG to exc scores, no baddies on CRs
Message Edited by dazed on 04-04-2009 08:13 PM
Frequent Contributor
hobojon
Posts: 261
Registered: ‎01-20-2009
0

Re: Has anyone had any luck asking for an APR reduction lately?

Go for the Chase Disney card. 0% BT for 12 months with a capped $75 fee. An easy approval. They gave me 20K.
Senior Contributor
txjohn
Posts: 4,214
Registered: ‎09-12-2008
0

Re: Has anyone had any luck asking for an APR reduction lately?

[ Edited ]

There are a lot of CC issuers offering 0% intro BT and 0% intro puchases.....and many others offering low apr.

 

Discover gave me 0% till 4/2010

Alliant Credit Union offered 5.99 BT and no BT fee

PenFed offers 2.99 and fee cap of max $100

CapOne offered various low APR and intro 0% and no BT fee

BoA offered me for past 3 months on my Visa 0% BT till November 2009 (from first offer about 10 months)

BoA now offers me 3.99 BT till November 2009

Message Edited by txjohn on 04-05-2009 04:23 PM

Credit Scoring 101 - Tuscani   *  Guide to Common Abbreviations
Frequently Requested Threads * FICO High Achievers  *  FICO Score Estimator


09/03/2009 TU: 777, EQ: 776 ($8 balance on an account dropped me out of 780's)
03/28/2009 TU: 814, EQ: 810, EX: 781 (02/12/2009)
05/18/2005 TU: 563, EQ: 580, EX: 549
Established Member
dazed
Posts: 54
Registered: ‎08-26-2007
0

Re: Has anyone had any luck asking for an APR reduction lately?

Right-o, thanks for all that info! I ended up apping Citi Platinum,0 APR-I hope-until 4/10. I took Citi over Discover b/c a lot of veterinary clinics (the reason for my wanting a O% intro BT card in the first place, darnit!)  in this area don't take Discover b/c they've had probs w/it. Also Citi has a lower APR than Discover.

Citi’s 8.74% apr isn't bad at all (if I get it & I think I will) it's just that I was thinking about not wanting a high apr on any balance remaining after the intro’s over.
Valued Member
DrDr
Posts: 47
Registered: ‎04-04-2008
0

Re: Has anyone had any luck asking for an APR reduction lately?

[ Edited ]

My Citi card jumped to 19.99% for no reason whatsoever. Well, maybe it's because they're on the verge of collasing or something... :smileyhappy:

 

Anyway, I called them up and asked them to lower it and they did. In fact, they changed it to an even lower APR than I started with! I went from 13.99% to 19.99% to 10.99%.

 

I called Chase up for a reduction, but they were only willing to from 23.99% to 21.99%. I guess I'll keep a zero balance on that one. 

 

Capital One denied me a APR decrease outright. Also keeping a zero balance. :smileyhappy:

 

My FICO's are mid to high 600's, and my last late was over 4 years ago.

 

Hope that helps!

Message Edited by DrDr on 04-06-2009 02:53 PM
Regular Contributor
MizzB
Posts: 179
Registered: ‎10-16-2008
0

Re: Has anyone had any luck asking for an APR reduction lately?

I called capital one and was able to get my interest rate reduced by 5%.It took three attempts over a two week period, but i finally got a supervisor to reduce my rate. Good luck
*********************************************************************************
Bringing my credit back to life day by day..... (being laid-off sucks)
07/02/09: EQ:549, TU:614
05/02/2009: EQ:531; TU: 590
04/06/2009: EQ:481; TU: 513
03/18/2009: EQ: 456; TU: 502

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+