If scores are higher does bank lower apr ?

[ShiningDown]

I just  had two 150 day lates removed from my report , if my scores go up  will I qualify for a lower apr ?    I will be getting a limit increase review in december.  My scores have been under 697 and if they go up I may qualify for a lower apr.  Should I ask for a lower apr if scores go up. Im at 11.99 with chase right now , is it pushing it to ask for it to be lowered ? Also they just upgraded my card to freedom after I called and asked. 

[Odiseous]

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@cats63 wrote:

I just  had two 150 day lates removed from my report , if my scores go up  will I qualify for a lower apr ?    I will be getting a limit increase review in december.  My scores have been under 697 and if they go up I may qualify for a lower apr.  Should I ask for a lower apr if scores go up. Im at 11.99 with chase right now , is it pushing it to ask for it to be lowered ? Also they just upgraded my card to freedom after I called and asked. 

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I don't know if you'll get any lower than 11.99% on the Freedom. 

Looking at the current available APRs for new Freedom apps; the Freedom starts at 11.99, and goes up from there. 

https://creditcards.chase.com/credit-cards/chase-freedom.aspx

As always, YMMV.

[Walt_K]

While you may already be at the lowest level for the Freedom, there really is no downside to asking.  I don't think anyone does hard credit pulls for asking for an APR reduction.  I've never heard of that anyway (but as I've said before, without trying too hard you could fill a book with things I've never heard of that are true).

[Guava]

Honestly, you'll be hard-pressed to find ANY card with rate lower than 11.99; and reward credit cards typically have high interest rate, you are pretty fortunate to have a freedom with just 11.99%.

[Anonymous]

11.99 is already very low, especially for Freedom.  Doesn't hurt to ask, but don't get your hopes up.

[ShiningDown]

Thanks for the advice.  I think I will just stay where Im at 11.99 %. I wasn't sure if 11.99 was good or just OK but now I guess I feel lucky to have 11.99%. I have to wait 30-45 days before my scores will change I wonder what impact  two sears accounts 150 days late from 2006 will   have on my scores after they  disappear from my credit report.  When I get my balance down what  score should I have for a city card with balance transfer, what bureau does city use in Wisconsin or anywhere. 

[mxp114]

Anyone have a Chase Sapphire below 15.24%? Is that possible? The lowest I see is 15.24% which is my rate.

[ShiningDown]

Not to change your question I  wanted to say I was at 13.24 for over 3 years before they changed my apr to 11.99 %.  I have had a checking account with chase  for a long time also. I thought I saw the freedom card advertised for 9.99 somewhere ?

[Anonymous]

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@cats63 wrote:

Thanks for the advice.  I think I will just stay where Im at 11.99 %. I wasn't sure if 11.99 was good or just OK but now I guess I feel lucky to have 11.99%. I have to wait 30-45 days before my scores will change I wonder what impact  two sears accounts 150 days late from 2006 will   have on my scores after they  disappear from my credit report.  When I get my balance down what  score should I have for a city card with balance transfer, what bureau does city use in Wisconsin or anywhere. 

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For a little perspective, I was approved with a 716 EX and they hit me with a 22.99 (highest at the time) APR.  I know 716 isn't anything to brag about, but i don't think it deserves the highest interest rate either.