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Established Contributor
flowfaster
Posts: 787
Registered: ‎08-30-2011

What banks will reduce your APR upon request

Inspired by the other Chase thread.  Does anyone have any tips on these banks?

 

US BANK=Will they do an AR and lower your APR at your request and how long was your account open?

Cap One Executive Office=Will they reduce your APR permanently at your request?

American Express=I am still in a 0% period but will they reduce my APR upon request? I have one of the highest rates on my BCP. Any other APR tips for Amex?

Barclays=My NFL card is being used for another bonus thing but it has a 17% APR.  Will they eventually reduce it upon request?


Thanks. Feel free to add your questions.

Amex BCP/BC/Zync - Amex Business GR - Barclays NFL Visa Sig 49ers/Arrival - BoA BBR - Cap 1 Quicksilver - Citi Forward/Preferred - Chase Amazon/Freedom/Ink Plus - Discover IT - Fidelity Amex - GECRB Amazon/Walmart - PenFed PRV - Target - USAA Amex - US Bank CASH+/Club Carlson
Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008

Re: What banks will reduce your APR upon request

AMEX will reduce if you are eligible. Mine was reduced by 2% upon request

$100K in Credit
Last Credit Card App: 11/16/13
Valued Contributor
trumpet-205
Posts: 2,177
Registered: ‎11-11-2010

Re: What banks will reduce your APR upon request

Capital One tends to do temporary APR reduction instead, like 3% APR reduction for 12 months.

 

So far my experience says only BofA will reduce your APR upon request.

In My Wallet:
Citi Forward (12/2010) | Citi TY Preferred (05/2011) | Chase Freedom (11/2011) | GECRB/PayPal (05/2012)
Discover it (07/2012) | AMEX BCP (09/2012) | TD/Target REDCard (10/2012) | Chase Ink Classic (11/2012)
BofA BBR (04/2013) | FNBO/Overstock.com (02/2014) | Barclaycard Arrival (04/2014) | FIA/Fidelity AMEX (04/2014)
Frequent Contributor
L-TWT
Posts: 290
Registered: ‎12-18-2011

Re: What banks will reduce your APR upon request


chnceit wrote:
AMEX will reduce if you are eligible. Mine was reduced by 2% upon request

+1

called Amex recently, spoke with a frontline CSR, they reducted my APR from 10.24% to 8.24% on my BCP

Portfolio: Amex BCE (21.6k) | Cap1 QS VS (15k) | Citi Dividend WEMC (30K)

"Having a credit card is nice, but cash is king"
Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: What banks will reduce your APR upon request


L-TWT wrote:

chnceit wrote:
AMEX will reduce if you are eligible. Mine was reduced by 2% upon request

+1

called Amex recently, spoke with a frontline CSR, they reducted my APR from 10.24% to 8.24% on my BCP


Do you carry a balance?  Just checked, my 0% period is coming to an end, and my APR after is 17.9!   I don't intend to carry a balance, but it would still be "better" if the APR is reduced.  But don't want to bother them if it causes me work!

Valued Contributor
bs6054
Posts: 1,673
Registered: ‎11-11-2012

Re: What banks will reduce your APR upon request


bs6054 wrote:

L-TWT wrote:

chnceit wrote:
AMEX will reduce if you are eligible. Mine was reduced by 2% upon request

+1

called Amex recently, spoke with a frontline CSR, they reducted my APR from 10.24% to 8.24% on my BCP


Do you carry a balance?  Just checked, my 0% period is coming to an end, and my APR after is 17.9!   I don't intend to carry a balance, but it would still be "better" if the APR is reduced.  But don't want to bother them if it causes me work!


I see yours say 6'06.  Was this a PC from another card, or backdating?   I got my BCP Feb 2012, but now says Feb 1987...

Frequent Contributor
L-TWT
Posts: 290
Registered: ‎12-18-2011

Re: What banks will reduce your APR upon request


bs6054 wrote:

bs6054 wrote:

L-TWT wrote:

chnceit wrote:
AMEX will reduce if you are eligible. Mine was reduced by 2% upon request

+1

called Amex recently, spoke with a frontline CSR, they reducted my APR from 10.24% to 8.24% on my BCP


Do you carry a balance?  Just checked, my 0% period is coming to an end, and my APR after is 17.9!   I don't intend to carry a balance, but it would still be "better" if the APR is reduced.  But don't want to bother them if it causes me work!


I see yours say 6'06.  Was this a PC from another card, or backdating?   I got my BCP Feb 2012, but now says Feb 1987...


Originally, I started out with the regular Blue Cash, then PC'd to BCP in 2011 when they re-structured their cash back system. And to answer your 1st question, I try not to carry a balance, but sometimes it happens. So if I have to pay interest i want it to be at a low rate, which was my main reason to request an APR decrease!:smileywink:

Portfolio: Amex BCE (21.6k) | Cap1 QS VS (15k) | Citi Dividend WEMC (30K)

"Having a credit card is nice, but cash is king"

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