Reply
Valued Contributor
Uborrow-Upay
Posts: 2,710
Registered: ‎10-16-2008
0

Re: lowest vs. highest regular purchase APR


creditwherecreditisdue wrote:

Uborrow-Upay wrote:

Lowest = Discover More @ 4.99 Var


This is amazing!

----------------------------------


Don't be too amazed, CWCID...It's not going to last much longer.

 

Just got the ratejack notice the other day, it's going to 12.something % in November. The explicit reason they gave on the written notice was the new federal regs.

 

 

Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: lowest vs. highest regular purchase APR


Uborrow-Upay wrote:

creditwherecreditisdue wrote:

Uborrow-Upay wrote:

Lowest = Discover More @ 4.99 Var


This is amazing!

----------------------------------


Don't be too amazed, CWCID...It's not going to last much longer.

 

Just got the ratejack notice the other day, it's going to 12.something % in November. The explicit reason they gave on the written notice was the new federal regs.


A pretty lame reason if you ask me. Particularly when they are doling out new accounts at 11.99%. Were I you I would be making a call.

Valued Contributor
Uborrow-Upay
Posts: 2,710
Registered: ‎10-16-2008
0

Re: lowest vs. highest regular purchase APR

Maybe a lame reason, but an honest one, at least.

 

It beats the heck out of the Chase explanations some folks have posted here, such as the catch-all "something in your Experian credit report".

 

I usually PIF anyways, so it doesn't bug me all that much.

 

I won't rock the boat now, and just drift along 'til the seas are calmer.

Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: lowest vs. highest regular purchase APR

I question everything.
Regular Contributor
anevilpetingzoo
Posts: 114
Registered: ‎03-12-2009
0

Re: lowest vs. highest regular purchase APR

For me:

 

Citi Diamond: 8.25%

Citi Dividend: 13.24%

 

LOL I never noticed that Citi is both my highest and lowest! 

 

Almost all others are between 10 and 13%

Valued Contributor
Uborrow-Upay
Posts: 2,710
Registered: ‎10-16-2008
0

Re: lowest vs. highest regular purchase APR

[ Edited ]

@CWCID:

 

I know you do, and normally, I would too. But these are not normal times, and I'd prefer to save my fight for later on, when my opponents are fewer and farther between.

 

I expect that all the CC companies are getting calls by the tens of thousands every day. I'll skip the scripted responses for now, and wait for the time when they're not anticipating my call, and my request can stand on its own merits.

 

Just my preferred style for this place and time.

Message Edited by Uborrow-Upay on 09-10-2009 05:58 PM
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: lowest vs. highest regular purchase APR

Believe it or not most people are either ignorant of what is happening to them or just go along like sheep. How many of those "Change in Terms" notices that are mailed out do you think are tossed and the effects noticed long after it is too late to do anything about it, if ever. I ask early and ofter - but the statement always ends with a "?". If you ask early enough and often enough eventually someone will cave in. It is my firm belief that all AA must be questioned! Otherwise you are playing their game.
Senior Contributor
score_building
Posts: 3,552
Registered: ‎01-10-2008
0

Re: lowest vs. highest regular purchase APR

[ Edited ]

creditwherecreditisdue wrote:
Believe it or not most people are either ignorant of what is happening to them or just go along like sheep. How many of those "Change in Terms" notices that are mailed out do you think are tossed and the effects noticed long after it is too late to do anything about it, if ever. I ask early and ofter - but the statement always ends with a "?". If you ask early enough and often enough eventually someone will cave in. It is my firm belief that all AA must be questioned! Otherwise you are playing their game.


i find your approach at once instructive and compelling but not mutually exclusive from PP because i agree with him too -it can also pay to pick your battles- time, energy, and utility all being considered... as a PIF customer it may simply not be worth inquiring on the APR issue for Uborrow every time there's a few point increase.

 

a family member, the director of litigation for an international public service org had no idea citi had jacked him recently and would have continued to pay 19.99 since he carried a balance on that card if i hadn't spotted it for him...MANY people across socio eco boundaries are not paying attn. either 'too busy' or disaffected, all kinds of reasons.

Message Edited by score_building on 09-10-2009 06:15 PM
FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (Barclays)
Regular Contributor
hemi961
Posts: 239
Registered: ‎11-05-2008
0

Re: lowest vs. highest regular purchase APR

Ameriprise: 4.5%.

Chase: 13.24%
Senior Contributor
creditwherecreditisdue
Posts: 4,923
Registered: ‎04-19-2009
0

Re: lowest vs. highest regular purchase APR


score_building wrote:

creditwherecreditisdue wrote:
Believe it or not most people are either ignorant of what is happening to them or just go along like sheep. How many of those "Change in Terms" notices that are mailed out do you think are tossed and the effects noticed long after it is too late to do anything about it, if ever. I ask early and ofter - but the statement always ends with a "?". If you ask early enough and often enough eventually someone will cave in. It is my firm belief that all AA must be questioned! Otherwise you are playing their game.


i find your approach at once instructive and compelling but not mutually exclusive from PP because i agree with him too -it can also pay to pick your battles- time, energy, and utility all being considered... as a PIF customer it may simply not be worth inquiring on the APR issue for Uborrow every time there's a few point increase.

 

a family member, the director of litigation for an international public service org had no idea citi had jacked him recently and would have continued to pay 19.99 since he carried a balance on that card if i hadn't spotted it for him...MANY people across socio eco boundaries are not paying attn. either 'too busy' or disaffected, all kinds of reasons.


Amounts to more of a "lean" on my part than a "shove". It's a war of attrition and I don't plan on losing. Also, where my APR issues exist they are large ones. Note DMB on my list - it is one of the highest and one of the lowest at the same time. (I have those 6.99% rates specifically because I made an effort to go after them.) I even "thanked" HSBC for their largess this summer by letting them make about $3 in finance charges of me. Hopefully that was enough for them to deem me worthy of my next promo rate!

 

I think the banks are fully aware that many folks are not tuned in to these terms changes. They are using an "it's the economy" excuse to make a few bucks. It's all in The Plan!


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}