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What would you do?

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Shock
Established Contributor
‎11-09-2014 07:54 PM
‎11-09-2014 07:54 PM

What would you do?

So my Freedom is 15 months old. My CSP is arriving tomorrow. When the AF is due for the CSP 11/2015, my Freedom will be 27 months old.

 

Freedom APR 21.24%, CSP 15.99%.

 

As hard as it is to get a APR reduction with Chase, is it worth the cost of AAoA to convert CSP to Freedom, then close current Freedom for the lower APR?

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chalupaman
Super Contributor
‎11-09-2014 08:09 PM
‎11-09-2014 08:09 PM

Re: What would you do?

Did you try sending a secure message to see if they have any offers to reduce your APR on the Freedom? I'm not sure if that would work or not but I think it'd be worth a try at least. They are pretty quick about sending messages back through that system even right now.

Tradelines: Macy’s - $18k, Penfed Power Cash Rewards - $10k, Ethan Allen (TD Bank) - $5.7k, Kay Jewelers - $5.5k, Appliances Connection - $5.3k, Jared - $5.25k, Best Buy (Citi) - $5k, Dell Preferred Account - $3.5k, Samsung - $3.2k, Firestone CFNA - $3.2k, Capital One Platinum - $3k, Mercury MC - $2.25k, Williams Sonoma - $2.1k, Wayfair (Fortiva) - $2k, Amazon Store Card - $1.8k, Apple Card - $1.7k, NFCU cashRewards - $1.5k, CareCredit - $1.5k, B&H Photo - $1.5k, Adorama - $1.25k, Ebay MC - $1k, Sam’s Club MC - $1k, American Eagle - $1k, Ollo MC - $600, Mission Lane Visa - $500, NY & Company - $500, Walgreens - $500, Home Depot - $500, Target RED Card - $500, CapOne Secured MC 0 AF - $500, Penfed Overdraft LOC - $500

Current FICOS: Mid 640s-50s on all reports, Ch 7 BK D/C Aug 2019
Starting scores: EX - 534, EQ - 574, TU - 516 | Total TLs: $91k approx | Total Utilization: 17%, getting this back down
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NRB525
Super Contributor
‎11-09-2014 08:13 PM
‎11-09-2014 08:13 PM

Re: What would you do?

I presume you don't carry a balance? If so, what difference does the APR make?

 

FWIW, I had a Chase VISA that started way back in the mists of time in 1998, at another bank aquired by Chase, actually my oldest account, recently paid it down to zero, it had been bumped to 22% but I was working on a 3.99% Forever offer. Asked for an interest rate reduction. They said no, so I closed it.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
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Shock
Established Contributor
‎11-09-2014 08:17 PM
‎11-09-2014 08:17 PM

Re: What would you do?

I dont carry a balance. But in the future, something may happen. Plus I don't want a subprime interest rate.

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Shock
Established Contributor
‎11-09-2014 08:18 PM
‎11-09-2014 08:18 PM

Re: What would you do?

@chalupaman wrote:

Did you try sending a secure message to see if they have any offers to reduce your APR on the Freedom? I'm not sure if that would work or not but I think it'd be worth a try at least. They are pretty quick about sending messages back through that system even right now.

Im still on 0% promo. The 21.24% goes into affect 11/23/14

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