Congrats,,good to hear.. feels good to be in 7%. range my EDP has been@ 7.24 since dec.2015....
great news they are still lowering Aprs. Now if only Chase would get on board !!!!! lol
Since I don't carry bals. I won't ask again. Satisfied !!!!!!!
I have a question for you guys...when y'all are stating these rate amounts, is that your rate before prime is added, or your total rate including prime? They're so low!
Also, I just had an interesting chat with an Amex rep named Brad (y'all inspired me to ask for a rate reduction & my EXP recently took a jump from 752 to 812, so I figured why not?)
I asked if there was a reduction available on my BCP & was offered prime + 10.99, but only for a year (after which it would return to 13.74). So of course I asked if there was a permanent reduction available, and he said I could ask for that after 4 billing cycles. I thought that was kind of weird....& he got slightly rude when I questioned it. I don't know how to add a screen shot, but this is verbatim:
Me: Well, I certainly appreciate any reduction. : ) However, I am curious as to the reason for a temporary reduction prior to a permanent one.
Brad: This is a special offer and I am suggesting you take it as it would provide you a much lower APR. You can surely ask for a permanent reduction after 4 bill cycles, but you won't lose anything as a lower APR would be effective as of now. This is a special offer only provided to select card members.
So of course I said I would take it, and he made the change and said, "You've been a valued card member for some time and we appreciate your business."
Anybody else ever been offered a temporary reduction by Amex? Thoughts on it?
Chase Sapphire Reserve $30,000 | Amex BCP $30,000 | Discover It $30,000 | Citi Simp $16,500 | NFCU Cash Rewards $14,400 | Citi DC $9,800 | Chase Freedom $9,000 | VS $4,100 | Kohl's $3,000 | Loft $3,000
Nice!
@CreditDunce wrote:
@LuckyBird wrote:I have a question for you guys...when y'all are stating these rate amounts, is that your rate before prime is added, or your total rate including prime? They're so low!
Also, I just had an interesting chat with an Amex rep named Brad (y'all inspired me to ask for a rate reduction & my EXP recently took a jump from 752 to 812, so I figured why not?)
I asked if there was a reduction available on my BCP & was offered prime + 10.99, but only for a year (after which it would return to 13.74). So of course I asked if there was a permanent reduction available, and he said I could ask for that after 4 billing cycles. I thought that was kind of weird....& he got slightly rude when I questioned it. I don't know how to add a screen shot, but this is verbatim:
Me: Well, I certainly appreciate any reduction. : ) However, I am curious as to the reason for a temporary reduction prior to a permanent one.
Brad: This is a special offer and I am suggesting you take it as it would provide you a much lower APR. You can surely ask for a permanent reduction after 4 bill cycles, but you won't lose anything as a lower APR would be effective as of now. This is a special offer only provided to select card members.
So of course I said I would take it, and he made the change and said, "You've been a valued card member for some time and we appreciate your business."
Anybody else ever been offered a temporary reduction by Amex? Thoughts on it?
The temporary rate reduction is a promo rate. If you have a promo rate (e.g. 0% introductory rate), you cannot get a permanent rate reduction. Congratulations on the big score increase. That is good score increase.
Thanks! I'm not exactly sure what prompted that large jump - the other 2 have remained pretty steady. I had a pretty substantial balance (a few thousand dollars) parked for about 3 months from a large purchase, and the score jump happened when that card reported $0 balance again. I paid it off in one chunk so it was a sudden decrease. That's the only thing I can think of that may have done it, but it didn't affect the other bureaus. My scores had all gone down slightly when that balance was first reported but not 60 points...overall utilization still wasn't very high so I only lost a few points on each.
I'm still a little confused about the temporary rate decrease...I'm not currently on a 0% promo rate & haven't been in a long time. But, oh well...I'll request a permanent one in 4 months as he suggested.
Congratulations! I started at 19.99% a couple of years ago on my BCE and now I'm at 7.24%. The past couple of months they've been unable to lower it further, though 
@CreditDunce wrote:It may have been better to wait a month and try again for the rate reduction. Or maybe just end the chat and ask a different CSR. By accepting the temp rate, you now have a promo rate. It may not be possible for a perm rate reduction until next year. However, please try in 4 months, I could be wrong.
I am assuming you are getting the score from Amex website...
The scores are from here, but of course the EXP one matches the one on Amex.
I did say to the guy that I was under the impression that you couldn't ask for another rate reduction while on a promotional rate and he said that only applies to the 0% promotion.
I will definitely try it again in 4 months and see what happens. I never carry a balance on this card so it doesn't really matter currently, but I figure it's a good idea to try & get all my rates as low as possible, just in case. You never know what may happen!