Just Received American Express Card

[Open123]

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@Anonymous wrote:

On my American Express Blue Cash credit card that I recently received? I've seen PIF often, what is the acronym for?

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Sorry, PIF = Pay in Full.  In our modern age, sometimes I think we resort to acronyms far more than we should.  LOL

[Open123]

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@Anonymous wrote:

Chatting or calling to lower APR is a good thing to do when you're 'bored' credit wise, even if you PIF. It can sometimes keep one from apping.  

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True, but having high APRs worked in my favor a few times.  When a Barclay Analyst inquired the reason for applying for another US Air card, I reponded with, "I wanted a lower APR."  It worked.

[Anonymous]

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@Open123 wrote:

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@Anonymous wrote:

On my American Express Blue Cash credit card that I recently received? I've seen PIF often, what is the acronym for?

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Sorry, PIF = Pay in Full.  In our modern age, sometimes I think we resort to acronyms far more than we should.  LOL

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Did you also suggest that I ask American Express to reduce my APR although the account is a few days old? [edit] Oh okay. You're saying if you pay your account in full at all times they won't consider lowering APR.

I want to lower APR. I like making progress even if its just making progress with no real benefit (since I PIF) .

[Open123]

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@Anonymous wrote:

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@Open123 wrote:

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@Anonymous wrote:

On my American Express Blue Cash credit card that I recently received? I've seen PIF often, what is the acronym for?

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Sorry, PIF = Pay in Full.  In our modern age, sometimes I think we resort to acronyms far more than we should.  LOL

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Did you also suggest that I ask American Express to reduce my APR although the account is a few days old? [edit] Oh okay. You're saying if you pay your account in full at all times they won't consider lowering APR.

I want to lower APR. I like making progress even if its just making progress with no real benefit (since I PIF) .

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They will lower it, if you ask them to.  What I'm suggesting is that if you never carry a balance, it'd be a waste of time asking for a benefit that's immaterial (in this case, a lower APR that you'd never use), in my view.

[Anonymous]

I don't think American Express will consider reducing APR while there's an introductory rate in effect. If you pay in full the APR is irrelevant. That said, I have received reductions after the intro rate expired & despite always paying in full.

[Anonymous]

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@Open123 wrote:

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...it'd be a waste of time asking for a benefit that's immaterial (in this case, a lower APR that you'd never use), in my view.

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Although I PIF, it would be imprudent to limit one's option to temporarily carry a balance in case of an unexpected bill because he/she didn't periodically request for a reduction in APR which would alleviate the circumstance.

[Anonymous]

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@Anonymous wrote:
I don't think American Express will consider reducing APR while there's an introductory rate in effect. If you pay in full the APR is irrelevant. That said, I have received reductions after the intro rate expired & despite always paying in full.

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That's good to know and would make sense because after 15 months you would have a personal credit history with them.

[Open123]

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@Anonymous wrote:

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@Open123 wrote:

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...it'd be a waste of time asking for a benefit that's immaterial (in this case, a lower APR that you'd never use), in my view.

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Although I PIF, it would be imprudent to limit one's option to temporarily carry a balance in case of an unexpected bill because he/she didn't periodically request for a reduction in APR which would alleviate the circumstance.

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If this is a possiblity, then, yes, it would be prudent to expend the effort to lower APRs as much as possible.