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Navy finally posted the rate increases on the Credit Cards.

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bigpoppa09
Established Contributor

Navy finally posted the rate increases on the Credit Cards.

Message 1 of 8
7 REPLIES 7
UpperNwGuy
Valued Contributor

Re: Navy finally posted the rate increases on the Credit Cards.

Have these new rates appeared yet on the monthly statements of existing cardholders?

Daily Carry: PenFed Power Cash • NFCU Flagship • NFCU More Rewards • Chase Freedom
Sock Drawer: PenFed Promise • NFCU cashRewards • Chase Sapphire Preferred • Chase Freedom Unlimited • United Explorer • UNFCU Azure
Message 2 of 8
fltireguy
Valued Contributor

Re: Navy finally posted the rate increases on the Credit Cards.

I noticed yesterday that the APR on my cards had gone up as well

Interesting thing... on my GoRewards. I’m at 16.24 purchases, and 18.00 on cash advances. Used to be a 2% spread, but since CU can’t go over 18.0.....
NFCU $60.4k/PenFed $22.5k/Commerce $15K/53 $11K/Synovus $14K/BBT $11K/CapOne $12K/DCU $7.5K/BMO $7.5K/Chase $14.5k/Cabelas $10K/ and many many more!
Total CL $398600, plus car and RV loan.
Ooh. Ooh. Getting closer to that $500K mark!
Message 3 of 8
Anonymous
Not applicable

Re: Navy finally posted the rate increases on the Credit Cards.

Maybe it will change on my next statement but my Cashrewards card says 10.65% - which is about what I recall signing up for.  If it went up, it was less than a percent.

Message 4 of 8
CramEiko
Established Contributor

Re: Navy finally posted the rate increases on the Credit Cards.

I just logged into my account and its still saying 6.99% under Additional Account Information. When will this rate change take effect.





Updated Feb 2023:
Citi Double Cash: $26,300
Citi Costco: $33,800
PenFed Power Cash: $50,000
Chase Freedom Unlimited: $33,400
NFCU Cash Rewards: $29,000
BoA Unlimited Cash: $99,900
Wells Fargo Active Cash: $50,000
Citi AAdvantage Executive: $30,500
Wells Fargo Mortgage 30yr fixed 3.625%

Business Cards:
BoA Business Advantage Unlimited Cash: $8,000
Chase Ink Business Unlimited: $75,000
Chase Ink Business Unlimited: $75,000

RIP: EECU PLOC | BBVA PLOC | Chase SP | Chase Amazon | Chase Freedom | WF Propel | Cap1 QS | AMEX Gold | BoA Custom Cash | Lowes | Barclays Aviator Red
Message 5 of 8
Anonymous
Not applicable

Re: Navy finally posted the rate increases on the Credit Cards.

It has already taken effect by the looks of it. It may not apply to everyone .

I just looked at my Cash Rewards account and my APR as well as on cash advances went up by 0.25% each .Not bad. I just joined less than a month ago so ill build a relationship with them and over time I'm sure it will go down .

Message 6 of 8
Anonymous
Not applicable

Re: Navy finally posted the rate increases on the Credit Cards.


wrote:

Have these new rates appeared yet on the monthly statements of existing cardholders?


yes .For me it has .0.25%  I can deal with that .For now .

Message 7 of 8
Dalmus
Valued Contributor

Re: Navy finally posted the rate increases on the Credit Cards.

Yep.  Last month I got my APR lowered to 14.99%, and this month its up to 15.24%.

 

But since I either don't carry a balance, or I'm on 0% BT promo, I don't really care.  Smiley Happy

NFCU MR: $25K | Venture: $21K | Amex ED: $18K | NFCU CR: $18K | Amex BCE: $15K | IT #1: $17.5K | PNC Core: $15K | PPMC:  $12K | Wells Fargo: $11K | Savor: 12K | Cap1 QS: $8.5K | Barclays Rewards: $7.75K | IT #2: $7.3K | MLife: $9.5K | Sportsman's Guide: $8.7K | PenFed PR: $5.5K | Elan Plat: $2.3K | TRV: $3.6K | BotW: $3K


Current FICO 8 Scores: EQ: 828| TU: 805 | EX: 814


Message 8 of 8
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