topic Re: Amex Blue APRs in Credit Cards

Amex Blue APRs

MidnightVoice — Sat, 02 Aug 2008 13:36:19 GMT

Just past my Amex Blue grace period of no interest on purchases - new APR is 7.99 (Prime plus 2.99%).

This does not seem to bad for a rewards card. What APRs have others got?

Re: Amex Blue APRs

Anonymous — Sat, 02 Aug 2008 16:44:01 GMT

MV, the regular apr on my Blue is 10.98. But, I got an introductory 0% apr for the first year.

Re: Amex Blue APRs

Scamp — Sat, 02 Aug 2008 17:23:38 GMT

Looks like Blue'll be 15.99% variable after the promo period - I get the feeling I was just barely allowed inside, and only via the side entrance and as far as the hallway, for now - and then only because I had my Gold charge card already!

Other rewards cards are my BofA's at 9.99% fixed, post-promo period, and my Chase BA at 13.99% variable.

Message Edited by scapegrace13 on 08-02-2008 10:23 AM

Re: Amex Blue APRs

Anonymous — Sat, 02 Aug 2008 17:38:06 GMT

What does it take to get those excellent APRs, anyway? There are too many times I see cards with an excellent APR, OK APR, and too high of an APR, but you don't find out which one you get until you're approved and they're about to send it over to you. A 7.99% Blue. Man, does that sound convenient or what?

Re: Amex Blue APRs

fused — Sat, 02 Aug 2008 17:39:49 GMT

My Clear (formerly a Blue) is currently at 6.74%.

Re: Amex Blue APRs

Anonymous — Sat, 02 Aug 2008 18:52:18 GMT

BC and Delta are both at 14.99

Re: Amex Blue APRs

MidnightVoice — Sat, 02 Aug 2008 19:48:45 GMT

MsQueenB wrote:
MV, the regular apr on my Blue is 10.98. But, I got an introductory 0% apr for the first year.

I got an introductory 0% for 9 months, and a week later my EX went up 50 points because the only baddie dropped off - so I guess that at the moment, Amex likes me.

I will continue to be very, very careful.

Re: Amex Blue APRs

Watchmann — Sat, 02 Aug 2008 19:55:47 GMT

Don't have a Blue, but my AMEX Optima with Rewards Points is Prime + 2.49% (currently 7.49%).

Re: Amex Blue APRs

ocheosa — Sun, 03 Aug 2008 16:59:01 GMT

MidnightVoice wrote:
Just past my Amex Blue grace period of no interest on purchases - new APR is 7.99 (Prime plus 2.99%).

This does not seem to bad for a rewards card. What APRs have others got?

My blue's intro in 5/2007 (edit) was 0% first 6mos (then 10.74%). At the 6 mo mark I called and asked to lower the apr, they adjusted it to 8.99%. At the 1yr anniversary I called and it was adjusted to a fixed 1.99 + prime which is currently 6.99%. Whenever I call in and talk to a rep and they see the rate, they just say wow; great rate on your blue. Just recently got a clear 5/2008 and was told after the 0% for 1yr (then 11.74%) promo expires I can call and have that apr lowered as well. I do love Amex! Although must admit the same scenario has worked with most of my other cards as well.

I see it as a consumers market; the ccc's must compete for our business just like the banks with mortgages. After all, we (the consumer) are the ones keeping their lights on!

Edit: Inital account (charge card) opened 6/2006; sorry for the misinformation.

Message Edited by ocheosa on 08-03-2008 09:59 AM

Re: Amex Blue APRs

tianapb725 — Sun, 03 Aug 2008 01:38:17 GMT

When I got my Amex Blue I had an intro rate of 0.0% for 15 months and after my rate was 12.99%. I've been a member since April '07 and my rate has gone down to 9.99%.

Re: Amex Blue APRs

Anonymous — Sun, 03 Aug 2008 02:11:19 GMT

My Amex BC is 10.99% currently....I'm going to call in next month to request a APR reduction. Thanks for sharing everyone.

Re: Amex Blue APRs

score_building — Sun, 03 Aug 2008 03:14:06 GMT

I'm at 9.49 on my clear, and i thought that was one of the lower rates offered on the card... i'm so psyched that amex seems to be giving me a shot at a decent rate. Your clear apr makes even much harder to get, lowish rate cards like Simmons First look mensa mensa. Good going fused

fused wrote:
My Clear (formerly a Blue) is currently at 6.74%.

Message Edited by score_building on 08-02-2008 08:13 PM

Message Edited by score_building on 08-02-2008 08:14 PM

Re: Amex Blue APRs

inquring_minds — Sun, 03 Aug 2008 12:41:58 GMT

I'm at 8.99% (includes prime) - not too bad.

Re: Amex Blue APRs

Anonymous — Sun, 03 Aug 2008 13:01:26 GMT

I didn't get an introductory rate on mine - just got 15.99.

Just checked my Delta SkyMiles statements, and that has been steadily dropping from the initial 17.24 (yikes!) I got when they accepted me to its current 14.99, which it's been stuck at for a few months now.

I wonder if as my scores (hopefully) rise and my pathetically young credit history grows, they'll continue to lower my rate? Anyone know whether they automatically lower to GOOD (ie impressively low rather than just 'blah') rates, or is that something you have to call and beg for?

Not that I'm over-bothered, as it's not as though I'm going to be carrying a balance on the things anyway. The Blue's in the process of being switched to a Blue Cash - I forget what rate the CSR told me on the phone, but it wasn't anything too incredibly great. We shall see!

Re: Amex Blue APRs

rubaty — Sun, 03 Aug 2008 13:30:27 GMT

I have 6.75% on my USAA AMEX. I currently get 5% cashback on the 1st $650 of fuel and dining purchases and 1% on everything else.

Re: Amex Blue APRs

wmarat — Sun, 03 Aug 2008 14:54:01 GMT

12.99%

Re: Amex Blue APRs

Anonymous — Sun, 03 Aug 2008 15:39:11 GMT

fevmlo wrote:

Just checked my Delta SkyMiles statements, and that has been steadily dropping from the initial 17.24 (yikes!) I got when they accepted me to its current 14.99, which it's been stuck at for a few months now.

Mine also started at 17.24 and is currently at 14.99. That's because it's a variable rate, and the prime rate has come down in the meantime.

Re: Amex Blue APRs

MidnightVoice — Sun, 03 Aug 2008 16:39:26 GMT

A lot of these seem pretty low APRs for a reward card to me.

Comments?

Re: Amex Blue APRs

Anonymous — Sun, 03 Aug 2008 16:46:13 GMT

@Anonymous wrote:

@Anonymous wrote:

Just checked my Delta SkyMiles statements, and that has been steadily dropping from the initial 17.24 (yikes!) I got when they accepted me to its current 14.99, which it's been stuck at for a few months now.

Mine also started at 17.24 and is currently at 14.99. That's because it's a variable rate, and the prime rate has come down in the meantime.

Haha - yeah, a little while after posting that I was standing in the kitchen pondering AmEx APRs and thought 'Duh! That's because my rate is prime + whatever, not because AmEx like me more than they did a few months ago!' - brain a bit slooow this morning! I meant to post again about this 'revelation' I'd just had, but you beat me to it!

Re: Amex Blue APRs

Anonymous — Sun, 03 Aug 2008 16:48:03 GMT

I have to agree-

I guess much of this is because prime rate is so low right now- and the other is we have some very savvy customers.

MidnightVoice wrote:
A lot of these seem pretty low APRs for a reward card to me.

Comments?