cancel
Showing results for 
Search instead for 
Did you mean: 

When requesting an APR reduction?

New Member

When requesting an APR reduction?

If I call a backdoor number to ask for an APR reduction will they run a Hard Inquiry on my Credit?

Message 1 of 4
3 REPLIES
Moderator

Re: When requesting an APR reduction?


galahad15 wrote:

Michcredista wrote:

If I call a backdoor number to ask for an APR reduction will they run a Hard Inquiry on my Credit?


Depends on the individual bank.  BoA always does HP, unless they grant a (very rare) unasked-for SP CLI.  Cap1 is always SP.  Citi is either SP or HP (the website will tell you whether you qualify for a SP).  Discover is almost always SP, from what I understand.  FNBO you can call in every 4 months to request a SP CLI, although in this case, you don't want to request a CLI online with them as online requests are treated as HPs. 


OP is not asking about CLI but APR reductions.

 

@Michcredista No creditor that I'm aware of does a HP to request an APR reduction.  Also you don't need to call the backdoor numbers.  Just call the number on the back of your card.

Message 2 of 4
Valued Contributor

Re: When requesting an APR reduction?


Irish80 wrote:

galahad15 wrote:

Michcredista wrote:

If I call a backdoor number to ask for an APR reduction will they run a Hard Inquiry on my Credit?


Depends on the individual bank.  BoA always does HP, unless they grant a (very rare) unasked-for SP CLI.  Cap1 is always SP.  Citi is either SP or HP (the website will tell you whether you qualify for a SP).  Discover is almost always SP, from what I understand.  FNBO you can call in every 4 months to request a SP CLI, although in this case, you don't want to request a CLI online with them as online requests are treated as HPs. 


OP is not asking about CLI but APR reductions.

 

@Michcredista No creditor that I'm aware of does a HP to request an APR reduction.  Also you don't need to call the backdoor numbers.  Just call the number on the back of your card.


Thanks for catching Irish, very sorry for the accidental mix-up on my part there.  I will remove my earlier post.  Thx again

** BEFCU Platinum Plus VISA @ 5.49% F, $4k ** Unify FCU Variable-Rate VISA Gold @ 6.24% V, $5k ** PACU Premier Privileges Rewards MC @ 7.50% F, $20k ** FNBO Amex @ 7.50% V, $20k ** Unify FCU Fixed-Rate VISA Platinum @ 8.99% F, $15k ** Barclay Ring @ 9.25% V, $1.9k ** BoA Cash Rewards WMC @ 9.99% F, $11.1k ** Citi DC WMC @ 10.49% V, $17.82k ** BoA Travel Rewards VS @ 10.49% V; $8.4k ** Cap1 No Hassle Miles Ultra Platinum MC @ 11.15% V, $3.5k ** Discover IT @ 11.24% V, $22.4k ** FNBO BucksBack VS @ 12.25% V, $20k ** BBR(x2) @ 13.24% V, $12k ** US Bank Cash+(x2) @ 16.24% V, $26k ** Citi DP VISA @ 16.24% V, $8.1k ** FNBO Amex TravElite @ 16.99% V, $15k ** Blispay @ 19.99% F, $5k ** Cap1 BuyPower WEMC @ 21.15% V, $6.25k **
Message 3 of 4
Highlighted
Moderator

Re: When requesting an APR reduction?


galahad15 wrote:

Irish80 wrote:

galahad15 wrote:

Michcredista wrote:

If I call a backdoor number to ask for an APR reduction will they run a Hard Inquiry on my Credit?


Depends on the individual bank.  BoA always does HP, unless they grant a (very rare) unasked-for SP CLI.  Cap1 is always SP.  Citi is either SP or HP (the website will tell you whether you qualify for a SP).  Discover is almost always SP, from what I understand.  FNBO you can call in every 4 months to request a SP CLI, although in this case, you don't want to request a CLI online with them as online requests are treated as HPs. 


OP is not asking about CLI but APR reductions.

 

@Michcredista No creditor that I'm aware of does a HP to request an APR reduction.  Also you don't need to call the backdoor numbers.  Just call the number on the back of your card.


Thanks for catching Irish, very sorry for the accidental mix-up on my part there.  I will remove my earlier post.  Thx again


No biggie and no need to apologize. Done same thing myself many times.

Message 4 of 4