NFCU Interest rate % reduction?

[NYFan63]

I just got the NFCU Cash rewards Visa in March - got 14.65% - when should I request a rate reduction? I have about $2k on a BT and plan to pay down in next 2-3 months. Thanks

[azguy13]

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@NYFan63 wrote:

I just got the NFCU Cash rewards Visa in March - got 14.65% - when should I request a rate reduction? I have about $2k on a BT and plan to pay down in next 2-3 months. Thanks

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I am not sure when a good time is, but it will most likely be a HP. NFCU is HP happy. 

[NYFan63]

Thanks azguy

[LearningMoreAboutCredit]

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@NYFan63 wrote:

I just got the NFCU Cash rewards Visa in March - got 14.65% - when should I request a rate reduction? I have about $2k on a BT and plan to pay down in next 2-3 months. Thanks

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You'll more than likely have to wait 12 months...IME anyways per NFCU CSR.

Good luck!

[isuspectnargles]

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@LearningMoreAboutCredit wrote:

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@NYFan63 wrote:

I just got the NFCU Cash rewards Visa in March - got 14.65% - when should I request a rate reduction? I have about $2k on a BT and plan to pay down in next 2-3 months. Thanks

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You'll more than likely have to wait 12 months...IME anyways per NFCU CSR.

Good luck!

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+1

I was told the same. 12 months before what she called a "rate review."

[Brusilov]

You can request one once every 12 months on the anniversary of your card opening (or 12 months from the anniversary of a product change if you do one).  They do not do a HP for it.