topic Re: SM - APR reduction :) in Credit Cards

SM - APR reduction :)

CreditCuriosity — Tue, 28 Jul 2015 17:16:18 GMT

Well I called to say I "damaged my card" being my SM card, so I can get the EMV version.. Anyways, after I got that taken care of today I asked If I had an APR reduction... They transferred me (good sign as the prior 3 months or so I have asked they check and say no) anyways, got transferred and asked for it and was eligible..

I was eligible and went from 20.99 to 13.79+prime.. Then asked for a CLI, but no SP CLI's .. Anyways, overall happy about a lower APR, even though I don't carry balances.

So new card coming and a lower APR just in case... Not an approval, but kinda since a lower apr

Re: SM - APR reduction :)

kdm31091 — Tue, 28 Jul 2015 16:29:15 GMT

An APR reduction is always nice regardless of whether you carry a balance. Congrats!

Re: SM - APR reduction :)

Anonymous — Tue, 28 Jul 2015 16:35:05 GMT

that's a hefty one too. usually they're like 4 points but dang good job

Re: SM - APR reduction :)

CreditCuriosity — Tue, 28 Jul 2015 16:35:58 GMT

I agree and it is actually lower then their best advertised APR of 13.99 by .29% lol.. Weird, but I will take it. Guess Barclay's is starting to like me.. didn't get the worse apr when I applied the mid-tier one, now have better than the best apr

Re: SM - APR reduction :)

CreditCuriosity — Tue, 28 Jul 2015 16:37:17 GMT

@Anonymous wrote:
that's a hefty one too. usually they're like 4 points but dang good job

Why thank you.. My TU score has been going way up since two CA have been removed.. Guessing that has something to do with it... Also about a year with barlcay's, but only 4 to 5 months with this card... Saw the SP'ed me a few days ago, so figured it was a good time to ask.

Re: SM - APR reduction :)

Anonymous — Tue, 28 Jul 2015 16:37:22 GMT

Actually when you factor in the prime rate, it's much higher than the lowest advertised..

Re: SM - APR reduction :)

CreditCuriosity — Tue, 28 Jul 2015 16:40:33 GMT

@Anonymous wrote:
Actually when you factor in the prime rate, it's much higher than the lowest advertised..

Ah thought the advertised lowest rate was apr+prime... My mistake. Still a win, none-the-less

Re: SM - APR reduction :)

kdm31091 — Tue, 28 Jul 2015 16:46:27 GMT

So with the prime rate your APR is probably around 15-16 which is still far better than 20+!

Re: SM - APR reduction :)

CreditCuriosity — Tue, 28 Jul 2015 17:07:12 GMT

@kdm31091 wrote:
So with the prime rate your APR is probably around 15-16 which is still far better than 20+!

yeppers, still happy and a small win

Re: SM - APR reduction :)

OmarGB9 — Tue, 28 Jul 2015 17:13:32 GMT

Grats!

Re: SM - APR reduction :)

MissMoni223 — Tue, 28 Jul 2015 18:20:38 GMT

Way to go!!!

Re: SM - APR reduction :)

ddemari — Tue, 28 Jul 2015 19:02:03 GMT

Congrats! Id love a SM with emv but last time inrequested a card replacement it came and then a CLD the next day. Ill wait haha. Congrats! Thats another impressive win for u!

Re: SM - APR reduction :)

CreditCuriosity — Tue, 28 Jul 2015 19:26:47 GMT

@ddemari wrote:
Congrats! Id love a SM with emv but last time inrequested a card replacement it came and then a CLD the next day. Ill wait haha. Congrats! Thats another impressive win for u!

LOL hopefully I don't get a CLD by bringing attention to myself by requesting an apr reduction... I didn't specifically ask for the EMV card, just hoping that is what they send due to my other card getting damanged in the washer/dryer ... I assume if I got an APR % reduction then I am in their good grace, but once they see the 32k in new credit reporting in a few days, that can change swiftly .. If it happens it happens, but no reason the would as I have approx. $100 in balances across 100k+ in CL's.. They shouldnt be worried..

Re: SM - APR reduction :)

kdm31091 — Tue, 28 Jul 2015 19:30:00 GMT

@CreditCuriousity wrote:
@ddemari wrote:
Congrats! Id love a SM with emv but last time inrequested a card replacement it came and then a CLD the next day. Ill wait haha. Congrats! Thats another impressive win for u!
LOL hopefully I don't get a CLD by bringing attention to myself by requesting an apr reduction... I didn't specifically ask for the EMV card, just hoping that is what they send due to my other card getting damanged in the washer/dryer ... I assume if I got an APR % reduction then I am in their good grace, but once they see the 32k in new credit reporting in a few days, that can change swiftly .. If it happens it happens, but no reason the would as I have approx. $100 in balances across 100k+ in CL's.. They shouldnt be worried..

Well technically they can be spooked by the sheer amount of credit available (credit limits vs your income etc) although that is unlikely with the tiny balances.

Re: SM - APR reduction :)

TRC_WA — Tue, 28 Jul 2015 19:33:53 GMT

I got the same APR love when I called a couple weeks ago. Unfortunately it wasn't anything to write home about...

Statement #7 came and went with no auto CLI... which is a bit surprising. My limit is $6700... I've used the card for $1000-$5000 every month... and PIF. Maybe they are upset with me for cashing in like $200 worth of rewards so far?

They did drop my APR from 22.99% to 21.99% though... *yay*

We'll see what happens in the coming months... my TU report is set for early exclusion of my Ch 13 and IIB accounts on September 1st... and I should see a score boost from the 670's well into the 700's... I'm thinking the 750 ballpark when the public record and IIB accounts all drop at the same time.

Maybe then they'll appreciate me. SM has been my go to card.

Re: SM - APR reduction :)

CreditCuriosity — Tue, 28 Jul 2015 19:43:27 GMT

@kdm31091 wrote:
@CreditCuriousity wrote:
@ddemari wrote:
Congrats! Id love a SM with emv but last time inrequested a card replacement it came and then a CLD the next day. Ill wait haha. Congrats! Thats another impressive win for u!
LOL hopefully I don't get a CLD by bringing attention to myself by requesting an apr reduction... I didn't specifically ask for the EMV card, just hoping that is what they send due to my other card getting damanged in the washer/dryer ... I assume if I got an APR % reduction then I am in their good grace, but once they see the 32k in new credit reporting in a few days, that can change swiftly .. If it happens it happens, but no reason the would as I have approx. $100 in balances across 100k+ in CL's.. They shouldnt be worried..
Well technically they can be spooked by the sheer amount of credit available (credit limits vs your income etc) although that is unlikely with the tiny balances.

agree my income > CL's still .. Although anything is possible to spook lenders being alot of new accounts, big CL's etc.. If it happens it happens, but unlikely... This is why I have many other lenders and a CLD wouldn't be the end of the world as I only use a few hundred a month on the card.

Off subject, US Bank if sending me more pre-approvals for better cards now as well as I have had the US Bank Cash Rewards for about 3 months now and got done basicaly griping at them a few weeks back about the laughable CL they gave me on the card, now all the sudden Pre-Approvals for higher tier cards are coming in the mail with apr ranges in the 13-14% range and on the site.. Concidence or do I have a bit of history with us bank along with the CA's dropping off my reports.. Probably a bit of everything.. Athough no US Bank card is really calling my name at all in their current offerings to waste a HP over.