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Valued Contributor
Posts: 1,359
Registered: ‎02-07-2010
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lowering capital one standard apr by request

has anyone had any success with this? my standard apr is 24.9 and 19.9 . i have never had any success with capital one when requesting a lower standard purchase apr.

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
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Posts: 27,207
Registered: ‎09-13-2012
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Re: lowering capital one standard apr by request

My DH received a lower APR in March. It's now 14.99%
Valued Contributor
Posts: 1,359
Registered: ‎02-07-2010
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Re: lowering capital one standard apr by request


09Lexie wrote:
My DH received a lower APR in March. It's now 14.99%

was it by request? how old is the account? above 810 FICO?

EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
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Registered: ‎09-13-2012
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Re: lowering capital one standard apr by request

He's had the account since '08. His scores at the time were 720 ish. Yes, he requested the reduction.
Valued Contributor
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Registered: ‎02-07-2010
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Re: lowering capital one standard apr by request

[ Edited ]
09Lexie wrote:
He's had the account since '08. His scores at the time were 720 ish. Yes, he requested the reduction.

it could be the age of his account. that may be why I am not able to lower my interest rate.
EX BankCard 8 FICO 820 (250-900) 04/08/14
TU FICO 806 (350-850) 04/10/14
EX VT 3.0 805 (300-850) TU VT 2.0 891 (501-990)
Credit.com score 798 (300 - 850) TU transrisk 772
card line up here: http://ficoforums.myfico.com/t5/Credit-Cards/How-Many-Credit-Cards-Do-YOU-have/m-p/1034512#M290859
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Posts: 27,207
Registered: ‎09-13-2012
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Re: lowering capital one standard apr by request

Regular Contributor
Posts: 192
Registered: ‎11-07-2007
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Re: lowering capital one standard apr by request

[ Edited ]

I had mine lowered as well; this was years ago though so I don't recall the details too well.

 

I had called in to ask for a CLI (inquired to make sure it'd be a soft pull before they checked) and they could not give me one.

 

Asked if they might be able to lower the APR instead since they couldn't give me a CLI and they did.

 

Edit: I think I may have mentioned that I used my BoA more because it had a higher limit and lower APR.

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