Greetings. A post in two parts:
1) Can anyone advise what parameters are most influential in lowering APR?
Assuming that one has an unblemished payment record, what else is considered -- FICO score? Spend? Time as a customer? Additional criteria?
2) Currently, the non-bonus APRs on my cards range from 11.99 to 25.99 (with 3 of my 4 new cards offering 15 months at 0).
Assuming that life is as kind as it has been for the past few years and I stay on my current path, I plan to go APR hunting next April, by which time my sole 30-day late will have dropped from my reports and I anticipate 800+ scores. That said, my highest APR is for a BoA card that is the source of that 30-day late. Should I expect to be able to negotiate them down as well?
Stated another way -- if a card/bank has older history than what appears on one's current credit report, is it likely to continue to dun you with it? (And if so, might it make sense to start fresh next April with issuers that I've never dealt with?)
