09-13-2012 01:38 PM
More specifically, has anyone had their APR lowered by asking for it? Do they go through a hard pull or do they just approve it based on history?
I've had my card for more than a year and they raised the CL from $10K to $15K. I have a zero balance and have not used it for a while. I sent them a message asking that they lower the APR. Their FAQ says: "a request to lower the APR may be made once every 12 months."
Anyone have information on this? Personal experience with it?
09-13-2012 02:29 PM
I'm interested in knowing the answer to this question as well...
09-13-2012 03:43 PM
All you have to do is ask, and they'll consider it. Its not a hard pull, and they just review your account history. There are a few threads on here about it, just send them a message through online banking or call in to ask.
09-13-2012 04:01 PM
09-13-2012 04:58 PM - edited 09-13-2012 04:59 PM
Navy lowered it after sent an e-mail last year, it took a few days to receive the reply, no HP. IIRC NFCU began to consider card holder requests for APD about a year or so ago. It is a painless process, not like Alliant, who pulls hard for card holder initiated APRD requests.
09-13-2012 05:12 PM
Thanks - I did a search and I see that people tend to get a 1% reduction. Has anyone gotten a reduction larger than that?
09-13-2012 11:35 PM
09-14-2012 02:08 AM
09-14-2012 03:48 AM
Thanks for all the information, everyone. Gomez, that was especially helpful!
09-14-2012 11:35 AM
I have 3 cards with NFCU. 2 i have had over a year and 1 under. I sent an message online and asked them was my accounts eligible for a apr decrease. They sent me a message back on 2 cards saying they were eligible to be reduced from 10.99 to 9.99. and that the 3rd one wasnt eligible because it hasnt been open a year. its at 10.65% so i will send a message next march and ask. No hard pull on any