Discover APR Reduction UPDATE[ Edited ]
10-05-2012 10:23 PM - edited 10-06-2012 08:54 PM
So I've been working on my credit for the last 3 years and have made great progress! Thank you "My Fico" I applied for Discover last year at the end of July and was approved with a $1500 cl and APR of 20.99%. At the time I applied there was a 12 month 0% promotion as well. This is also the last cc I've applied for and I have been in the garden since. So anyway I've never received an auto cli and I waited till August to call and ask for an APR reduction as I have high utilization and figured they wouldn't do a limit increase. The agent I spoke with said she could NOT reduce my APR w/o pulling my credit report but that she could extend my 0% promotion for another year. I took it! Well got my statement today and the APR was changed to 15.99%, I panicked and thought they didn't honor the 0% so I called. Well the agent said yes I am getting the 0% promotion till next Oct (2013) and that the APR was changed October 1st from 20.99 to 15.99%. Woo Hoo! It may still seem high but its certainly better than 20.99%. I just wanted to give back to my fico by sharing my story! Good luck my fico comrades and there is hope, it just takes time and patience but the results get better eventually.
Starting Score: 579
Current Score: FICO EQ659,EX682,TU725
Goal Score: 750
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