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New Member
cashonly30
Posts: 6
Registered: ‎07-08-2009

Re: lowest vs. highest regular purchase APR

Capital One 0%

Chase 31.99%

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

Re: lowest vs. highest regular purchase APR


cashonly30 wrote:

Capital One 0%

Chase 31.99%


 

Welcome to the forums!

 

I think you win the divergence award!

New Member
cashonly30
Posts: 6
Registered: ‎07-08-2009

Re: lowest vs. highest regular purchase APR

Well, all cc were at 25% or above.  I called Capital One with a sob story (some of which was a fish tale).  I got interest rates lowered as follows:

Cap 1 at 0% for 12 months then goes to 4.9% if keep it current

Cap 1 at 0% for 3 months, then re-reviewed.

Cap 1 at 4.9% for 6 months

Cap 1 at 0% for 6 months, then re-reviewed.

All late fees, overlimit fees, etc. are removed during this promotion on the last 3 Cap 1's.  Cards can still be used, no decrease in credit line and no reporting anything to the 3 agencies. 

No luck doing same with any of the following:  Bank of America, Chase (forget it), Citicard.

It's worth a shot for anyone else to try. 

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

Re: lowest vs. highest regular purchase APR


cashonly30 wrote:

Well, all cc were at 25% or above.  I called Capital One with a sob story (some of which was a fish tale).  I got interest rates lowered as follows:

Cap 1 at 0% for 12 months then goes to 4.9% if keep it current

Cap 1 at 0% for 3 months, then re-reviewed.

Cap 1 at 4.9% for 6 months

Cap 1 at 0% for 6 months, then re-reviewed.

All late fees, overlimit fees, etc. are removed during this promotion on the last 3 Cap 1's.  Cards can still be used, no decrease in credit line and no reporting anything to the 3 agencies. 

No luck doing same with any of the following:  Bank of America, Chase (forget it), Citicard.

It's worth a shot for anyone else to try. 


Your a little overinvested with Cap1. What are the CL's on those four cards?

Regular Contributor
Macroman
Posts: 129
Registered: ‎05-17-2008

Re: lowest vs. highest regular purchase APR

lowest              CU Visa 12.9

highest       Direct merchants Bank MC   30.9 

Valued Contributor
wmarat
Posts: 1,754
Registered: ‎11-03-2007

Re: lowest vs. highest regular purchase APR

I have problem to pay any APR above 0%.
IN VINO VERITAS.
Senior Contributor
score_building
Posts: 3,468
Registered: ‎01-10-2008

Re: lowest vs. highest regular purchase APR


wmarat wrote:
I have problem to pay any APR above 0%.


revolvers and dead beats alike are assigned an APR on their cc.  it is a given and already assumed PIF customers won't be paying the assigned interest rate.  the rates currently being offered by lenders whether or not PIF are posted hereto.
FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (WALMART)
Senior Contributor
MattH
Posts: 3,245
Registered: ‎04-03-2008

Re: lowest vs. highest regular purchase APR


score_building wrote:

chase (formerly wamu) 5.24

cap1 (RJ from 11.99) 17.99


After many many many years of keeping my APR below 6%, Chase has recently notified me that it's gonna go waaaay up so very soon none of my cards will have an APR below 10%.  I'm glad I always pay in full (except once two or three months ago, when I intended to PIF but by mistake paid a little less than the full amount due so I briefly carried a small balance and paid 57 cents of interest), but still am irritated: if they are ratejacking me then who is not getting ratejacked?  I've had every card for over a decade, with excellent payment histories on all my accounts.

 

TU 791 02/11/2013, EQ 800 1/29/2011 , EX Plus FAKO 812, EX Vantage Score 955 3/19/2010 wife's EQ 9/23/2009 803
EX always was my highest when we could pull all three
Always remember: big print giveth, small print taketh away
If you dunno what tanstaafl means you must Google it
Senior Contributor
score_building
Posts: 3,468
Registered: ‎01-10-2008

Re: lowest vs. highest regular purchase APR

[ Edited ]

sometimes there seem to be 2 major pif camps- some, suffice it to say that they pif and don't follow the details of APR fluctuations on accts. very closely.  others, like you it seems would prefer to have the lowest rates available even though you PIF (i do too.) 

 

i'd imagine you'd have at least some success (if you decide to be vocal with lenders about your concerns) having your rates restored or lowered either now or in the future.  since there are no financial consequences stemming from rate changes on PIF customers the largely wasted effort by the lenders who raise your APR can be somewhat confounding. 

 

maybe they are just hoping against hope things will head south, and some pif will revolve instead.  it has become a bit clearer to us over time that no one is necessarily safe from increases (as you, psychic, fused, etc. being uber prime-generally eligible for the v. best rates and terms by lenders) exemplify.

Message Edited by score_building on 09-13-2009 05:53 AM
FICOS:
06/13 EX 765 (PSECU) EQ 771 (DCU) TU 779 (WALMART)
Valued Contributor
wmarat
Posts: 1,754
Registered: ‎11-03-2007

Re: lowest vs. highest regular purchase APR

Oh, my bad.

 

Had to check my APR's.

 

Ameriprise WEMC 4.5%

Amex Blue 15.99%

 


score_building wrote:

wmarat wrote:
I have problem to pay any APR above 0%.


revolvers and dead beats alike are assigned an APR on their cc.  it is a given and already assumed PIF customers won't be paying the assigned interest rate.  the rates currently being offered by lenders whether or not PIF are posted hereto.

 

 

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