I have a Variable Prime Rate+0.49% APR on one of my Chase Freedom cards. Today I logged into my account, and saw this:
I keep wondering if Chase will eventually ratejack me.
prime rate:
this year: 3.25
last year: 7.25
i wish someone who had that rate could benefit from it, but ya'll always seem to pif 
@score_building wrote:prime rate:
this year: 3.25
last year: 7.25
i wish someone who had that rate could benefit from it, but ya'll always seem to pif
I probably wouldn't have that rate if I didn't PIF!
@Anonymous wrote:
@score_building wrote:prime rate:
this year: 3.25
last year: 7.25
i wish someone who had that rate could benefit from it, but ya'll always seem to pif
I probably wouldn't have that rate if I didn't PIF!
Exactly. more or less just for show, a token of their gratitude for your reliability as a card holder, but how else can they try to woo you into carrying
@Anonymous wrote:
@score_building wrote:prime rate:
this year: 3.25
last year: 7.25
i wish someone who had that rate could benefit from it, but ya'll always seem to pif
I probably wouldn't have that rate if I didn't PIF!
Exactly my point too, since I PIF every month. Last week I just got approved for a new Chase Freedom card with an introductory 0% APR on new purchases for the first year. I'll still PIF every month to make sure my utilization % doesn't go up.
If I wasn't planning on purchasing a new home in 2 years, I'd take the hit on my 815 FICO and just charge up the entire $8,500 initial credit limit they started me off with & PIF online one week before the introductory 0% year ended. But then again, I'd also run the risk of AMEX and Citi lowering my $30k and $25k limits due to higher utilization and failure to PIF every month.
It's not worth it. I'd rather PIF every month and then call them back 6 months later and ask for them to increase my credit limit to match my other 2 cards, which shouldn't be an issue given my high credit score, income, and by then history of PIF with them every month.
