What is the rate on your AMEX Blue?

Anonymous · ‎02-23-2008

Sorry, I can't type this morning.

Just wanted some info. My rate is currently 10.99% on my blue (for new purchases). Have a much lower rate on a convenience check balance.

Anyway, I wanted to know if anyone had a lower rate on their Blue. This is just the regular old Blue - not Blue Cash or Blue Sky.

Just curious. This is my highest rate out of all of my cards.

Message Edited by Scout1965 on 02-23-2008 10:32 AM

Message Edited by Scout1965 on 02-23-2008 10:33 AM

Anonymous · ‎02-23-2008

Nice rate on the Blue-

It's lower than my Blue cash

Anonymous · ‎02-23-2008

mine is also 10.99%.... it is one of my higher rate cards as well. i'm still in the promo period though.

Anonymous · ‎02-23-2008

Thanks Timothy and ragtag.

Just thought the rate was high...

Anonymous · ‎02-23-2008

Amex APRs do tend to run slightly higher than average. I think it's due to simple economics: Their rewards program is excellent and the name carries a bit of prestige, so they can get away with charging a slightly higher rate without seriously affecting demand for their products.

Anonymous · ‎02-23-2008

Even more than that-

They like PIFer's - so I wonder why they have such a wide range of APR's-

cheddar wrote:

Amex APRs do tend to run slightly higher than average. I think it's due to simple economics: Their rewards program is excellent and the name carries a bit of prestige, so they can get away with charging a slightly higher rate without seriously affecting demand for their products.

Anonymous · ‎02-23-2008

Timothy wrote:
Even more than that-
They like PIFer's - so I wonder why they have such a wide range of APR's-

Yes, their preference for PIF could be another reason their APRs run high. If a cardholder has a number of cards but can't PIF them all, the higher APR will be the one more likely to get the PIF treatment.

Message Edited by cheddar on 02-23-2008 10:00 AM

fused · ‎02-23-2008

I was at 8.99% on my Blue card, so after reading this thread I decided to call up AmEx and raise some cane. They lowered my rate to 8.24% not becuase of my credit rating...it's because the prime rate has droppped. BTW I have been a PIFer with this card for awhile and charge heavily on my AmEx Gold card.

Anonymous · ‎02-23-2008

Fused,

I want your rate.

I actually called Amex earlier today and asked if they would lower the rate from 10.99%. Their response was intially NO.

Amex said my history with them was great (back to 1987 - currently have green, blue and clear), but I am NOT using the blue card enough. Actually, the ENTIRE balance on the blue is approx $7,000 with an rate of 1.9%. Blue CL is 25K. I asked the CSR to check my usage on the green and clear card. I PIF the green and clear every month and my clear has a CL of 20K.

She came back and said the rate would be lowered effective with my next statement. So, I went from 10.99% to 8.99%. Fixed rate, not variable. Maybe now I will put some new charges on the card.

BTW Before I get slammed for revolving the $7000 - I pay over $500 a month on this. Actually have the cash to pay it off but earn more on my investment account. Spoke with Amex about revolving a large $ amount when I wrote the convenience check and they said "no problem."