topic Re: Amex interest rate? in Credit Cards

Amex interest rate?

Little_Lulu — Tue, 23 Dec 2014 04:44:20 GMT

I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that 12.99% for real? I don't see how it can be when my score is like 680.

Re: Amex interest rate?

Anonymous — Tue, 23 Dec 2014 04:45:00 GMT

@Little_Lulu wrote:
I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that for real? I don't see how it can be when my score is like 680.

Wow. I got their worst rate I think (20.99%), and I was already a 6yr+ cardmember. Congrats!

Re: Amex interest rate?

NRB525 — Tue, 23 Dec 2014 05:11:58 GMT

@Anonymous wrote:
@Little_Lulu wrote:
I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that for real? I don't see how it can be when my score is like 680.
Wow. I got their worst rate I think (20.99%), and I was already a 6yr+ cardmember. Congrats!

Congrats, I got 19.24%, their worst Delta rate. I asked for an APR improvement recently, after signing up for the 12-month 7.9% Holiday Rate, and they said "We don't have to say anything, you got the Holiday rate already. Talk to us next year".

Re: Amex interest rate?

Anonymous — Tue, 23 Dec 2014 05:13:14 GMT

@NRB525 wrote:
@Anonymous wrote:
@Little_Lulu wrote:
I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that for real? I don't see how it can be when my score is like 680.
Wow. I got their worst rate I think (20.99%), and I was already a 6yr+ cardmember. Congrats!
Congrats, I got 19.24%, their worst Delta rate. I asked for an APR improvement recently, after signing up for the 12-month 7.9% Holiday Rate, and they said "We don't have to say anything, you got the Holiday rate already. Talk to us next year".

I didn't even get that on my BSP which is at better than the best publicly offered rate by 3%.

Re: Amex interest rate?

mongstradamus — Tue, 23 Dec 2014 05:36:56 GMT

@Little_Lulu wrote:
I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that 12.99% for real? I don't see how it can be when my score is like 680.

Gratz on your rate :-) I got 14.99 with an 780 fico so i guess they don't really care much for ex 08 scores haha.

Re: Amex interest rate?

NRB525 — Tue, 23 Dec 2014 05:38:42 GMT

@Anonymous wrote:
@NRB525 wrote:
@Anonymous wrote:
@Little_Lulu wrote:
I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that for real? I don't see how it can be when my score is like 680.
Wow. I got their worst rate I think (20.99%), and I was already a 6yr+ cardmember. Congrats!
Congrats, I got 19.24%, their worst Delta rate. I asked for an APR improvement recently, after signing up for the 12-month 7.9% Holiday Rate, and they said "We don't have to say anything, you got the Holiday rate already. Talk to us next year".
I didn't even get that on my BSP which is at better than the best publicly offered rate by 3%.

Them's the breaks: An always low rate, or a temporary even lower rate.

Re: Amex interest rate?

Anonymous — Tue, 23 Dec 2014 07:46:45 GMT

I was almost starting to get pleased with BoA when I found my CL for my new Travel card is 2,500 instead of the 2k that I was orig told by the backdoor rep who approved me. Then tonight I was going over the paperwork and I saw my rate is 22.99% lol **bleep**. That's almost as bad as the 24.99% Cap 1 started me at a few years ago. Ironically my BoA Cash card is a decent 14.99%. I don't get it. Good thing I never get caught paying interest...but still.

Re: Amex interest rate?

VirtualCuriosity — Tue, 23 Dec 2014 09:45:09 GMT

I am now curious what mine is. I have a bad habit of not paying attention because I rarely carry a balance on any cards. I shredded my original Amex paperwork I think. My statement should post any day so I guess I wil see then. Otherwise, I looked over my logon and can't find the rate.

Re: Amex interest rate?

Anonymous — Tue, 23 Dec 2014 10:20:45 GMT

CHASE gave me 0%->12.99% when no one gave me that.

Amex, no dice on rate like that.

Looks like you're in luck, OP.

Re: Amex interest rate?

lg8302ch — Tue, 23 Dec 2014 10:22:36 GMT

@Little_Lulu wrote:
I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that 12.99% for real? I don't see how it can be when my score is like 680.

Congrats. Did you app through creditcards.com ? I got 16,99% with 806 Experian Fico because I forgot about that link but Amex is easy to work with and willing to lower APRs not like Chase ..

Re: Amex interest rate?

Imperfectfuture — Tue, 23 Dec 2014 12:52:47 GMT

@mongstradamus wrote:
@Little_Lulu wrote:
I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that 12.99% for real? I don't see how it can be when my score is like 680.
Gratz on your rate :-) I got 14.99 with an 780 fico so i guess they don't really care much for ex 08 scores haha.

Same here, though really thin file. 14.99 with 773 fico.

Re: Amex interest rate?

takeshi74 — Tue, 23 Dec 2014 13:23:58 GMT

@Little_Lulu wrote:
Is that 12.99% for real?

You'd know better than we would as we don't have the paperwork with your terms. Enjoy!

Re: Amex interest rate?

NRB525 — Tue, 23 Dec 2014 14:04:02 GMT

@VirtualCuriosity wrote:
I am now curious what mine is. I have a bad habit of not paying attention because I rarely carry a balance on any cards. I shredded my original Amex paperwork I think. My statement should post any day so I guess I wil see then. Otherwise, I looked over my logon and can't find the rate.

You did WHAT? That's a contract you signed.

Re: Amex interest rate?

taxi818 — Tue, 23 Dec 2014 15:00:32 GMT

@NRB525 wrote:
@VirtualCuriosity wrote:
I am now curious what mine is. I have a bad habit of not paying attention because I rarely carry a balance on any cards. I shredded my original Amex paperwork I think. My statement should post any day so I guess I wil see then. Otherwise, I looked over my logon and can't find the rate.
You did WHAT? That's a contract you signed.

That's not a signed contract. It just simply states the reasons why they gave you what rate. You as consumer have no say in that. So shredding it is not a big deal.

Re: Amex interest rate?

Anonymous — Tue, 23 Dec 2014 15:20:34 GMT

thats good!

Re: Amex interest rate?

VirtualCuriosity — Tue, 23 Dec 2014 15:22:46 GMT

@taxi818 wrote:
@NRB525 wrote:
@VirtualCuriosity wrote:
I am now curious what mine is. I have a bad habit of not paying attention because I rarely carry a balance on any cards. I shredded my original Amex paperwork I think. My statement should post any day so I guess I wil see then. Otherwise, I looked over my logon and can't find the rate.
You did WHAT? That's a contract you signed.
That's not a signed contract. It just simply states the reasons why they gave you what rate. You as consumer have no say in that. So shredding it is not a big deal.

Yeah it was not a contract. Just the interets rate and various information I already knew. I don't hold on to that stuff.

Re: Amex interest rate?

Anonymous — Tue, 23 Dec 2014 17:06:16 GMT

I just received the Amex BCE with 12.99 % interest rate as well. 2k limit, was hoping for more, but I'll use the 3x CLI on the 61st day. Hopefully I'll get that increased to 6k.

Re: Amex interest rate?

mongstradamus — Tue, 23 Dec 2014 17:50:57 GMT

@Imperfectfuture wrote:
@mongstradamus wrote:
@Little_Lulu wrote:
I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that 12.99% for real? I don't see how it can be when my score is like 680.
Gratz on your rate :-) I got 14.99 with an 780 fico so i guess they don't really care much for ex 08 scores haha.
Same here, though really thin file. 14.99 with 773 fico.

I wouldn't say i have an really thick file, at least i got free fico score out of it when i applied in Oct i think they said i had 796 score. I guess there was something on there they didn't like so shows i need to improve an couple of things on my CR. Maybe it was the double digit ex HP within last two years

Re: Amex interest rate?

Imperfectfuture — Wed, 24 Dec 2014 08:25:38 GMT

@mongstradamus wrote:
@Imperfectfuture wrote:
@mongstradamus wrote:
@Little_Lulu wrote:
I just got my Everyday card and the APR is 0% for like 16 months and then it says after that, it's 12.99%.

Is that 12.99% for real? I don't see how it can be when my score is like 680.
Gratz on your rate :-) I got 14.99 with an 780 fico so i guess they don't really care much for ex 08 scores haha.
Same here, though really thin file. 14.99 with 773 fico.
I wouldn't say i have an really thick file, at least i got free fico score out of it when i applied in Oct i think they said i had 796 score. I guess there was something on there they didn't like so shows i need to improve an couple of things on my CR. Maybe it was the double digit ex HP within last two years

Double digit HP's MIGHT have something to do with it.

Re: Amex interest rate?

Turbobuick — Wed, 24 Dec 2014 08:41:54 GMT

AMEX TE @ 15.24% ~810 FICO

Interest rates have been historically low for 5+ years now. The banks are making a killing on credit cards. Legalized loan sharking. Only way to win is to not carry a balance.