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Established Contributor
Posts: 619
Registered: ‎06-18-2007
0

Has anyone had their NFCU credit card APR lowered?

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?

_________________________________________________________
Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.
Established Contributor
Posts: 665
Registered: ‎08-02-2011
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Re: Has anyone had their NFCU credit card APR lowered?

I'm interested in knowing the answer to this question as well...

TU FICO: 772 (Discover) • Exp FICO: 772 (Citi)

Amex BCE $13K | Amex Costco TE $10.4K | Amex SPG $5K | Chase Freedom Visa Signature $15K | Chase Sapphire Preferred Visa Signature $15K | Chase Ink Plus World Elite MC $5K | Citi TY Preferred World MC $10.1K | Citi Forward $10K | Citi Diamond Pref $7.6K | Discover IT $9.9K | JP Morgan Chase Select Visa Signature $9.2K | NFCU CashRew Visa Sig $25K | NFCU LOC $15K | NFL Visa Signature (Saints) $8.1K | USAA Amex $11.3K | USAA World MC $11.5K
Valued Contributor
Posts: 1,051
Registered: ‎05-20-2010
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Re: Has anyone had their NFCU credit card APR lowered?

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.

TU: 603 – EQ: 569 – EX: N/A – May 2010

Valued Contributor
Posts: 1,772
Registered: ‎10-28-2011
0

Re: Has anyone had their NFCU credit card APR lowered?

I'm curious to know as well. My one year is coming up and would like to know if anyone has had success with apr reduction
NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 15k | BOFA 123 6k |
Chase Freedom 1.5k | Amazon 3K | Walmart 3K | Buckle 300 | AMEX BCE 2.5K | CHASE CSP 12K | CITI sears 6k | Kay 2k

On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
Senior Contributor
Posts: 3,682
Registered: ‎01-10-2008
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Re: Has anyone had their NFCU credit card APR lowered?

[ Edited ]

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.

FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Established Contributor
Posts: 619
Registered: ‎06-18-2007
0

Re: Has anyone had their NFCU credit card APR lowered?

Thanks - I did a search and I see that people tend to get a 1% reduction.  Has anyone gotten a reduction larger than that?

_________________________________________________________
Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.
Valued Contributor
Posts: 1,772
Registered: ‎10-28-2011
0

Re: Has anyone had their NFCU credit card APR lowered?

What I'm curious about and I'm sure others as well if its possible to go from 17.99 to let's say 11.99 if your credit picture and score support it. I'm not saying they will do it in one shot but if at all possible over time?
NFCU plat 5k | NAVCHECK 5k | NFCU cashrewards 15k | BOFA 123 6k |
Chase Freedom 1.5k | Amazon 3K | Walmart 3K | Buckle 300 | AMEX BCE 2.5K | CHASE CSP 12K | CITI sears 6k | Kay 2k

On the prowl for Chase Sapphire Preferred! APPROVED 12K!
scores 7/14 647 622 630 (85%util)
scores 8/14 767 760 758 Boom! finally in the 700 club
New Member
Posts: 3
Registered: ‎09-14-2012
0

Re: Has anyone had their NFCU credit card APR lowered?

Hi everyone. I'm a long time visitor of this forum but I registered to answer this question, haha. Yes it is possible to get more than a 1% reduction. I called NFCU back in May and my APR went from 17.9% to 12.9%.

One interesting thing to note is that while you can only request a reduction once every 12 months, product changes seem to reset that limit. In August I requested that the same card be changed from the nRewards to the cashRewards card and was given another reduction to 10.65%.
Established Contributor
Posts: 619
Registered: ‎06-18-2007
0

Re: Has anyone had their NFCU credit card APR lowered?

Thanks for all the information, everyone.  Gomez, that was especially helpful!

_________________________________________________________
Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.
Established Member
Posts: 29
Registered: ‎01-06-2010
0

Re: Has anyone had their NFCU credit card APR lowered?

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

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