topic Re: Why Would Citi Increase My APR?! in Credit Cards

Why Would Citi Increase My APR?!

pip3man — Thu, 24 Mar 2016 23:53:49 GMT

Ok few weeks ago I contacted Citi and had the APR on my AA card lowered to 4.24%. Days later I requested to PC to the Double Cash card and everything went smoothly. My statement cut today and I logged in to my account only to notice they slightly bumped up my APR to 5.24%. Nothing has changed at all since my last reduction so I can't seem to figure out why they increased the rate all of a sudden. Could the PC have triggered this? Should I call them and request to switch back to the AA Platinum and see if it restores the original APR?? But at the same time I dont wanna draw unnecessary attention to my account

Re: Why Would Citi Increase My APR?!

Anonymous — Fri, 25 Mar 2016 00:01:31 GMT

It's definitely the PC that caused it. You didnt lower your APR on the DC card but on your AA card. Creditors don't have the same APRs available for all their cards so I'm even bit surprised that they didn't raise it more. I don't think it would hurt to ask but don't be shocked if they say no.

Re: Why Would Citi Increase My APR?!

kdm31091 — Fri, 25 Mar 2016 00:05:37 GMT

I agree with Irish - it's from the PC. Anyway, you still have a very low, single digit APR. I'd just let sleeping dogs lie.

Re: Why Would Citi Increase My APR?!

FinStar — Fri, 25 Mar 2016 00:06:01 GMT

@Anonymous wrote:
It's definitely the PC that caused it. You didnt lower your APR on the DC card but on your AA card. Creditors don't have the same APRs available for all their cards so I'm even bit surprised that they didn't raise it more. I don't think it would hurt to ask but don't be shocked if they say no.

I agree, sometimes depending on the PC, the baseline APR for that product will adjust OP. And, let me say...5.24% on a Citi DC is still a "well endowed" APR%. I mean, who wouldn't dig that?

I wouldn't contact them yet to draw attention. Wait about one or two statements with the current PC, then hit them up on chat. If they cannot lower, it's still very decent and I'm sure it's more for ego than anything (still a nice achievement).

Re: Why Would Citi Increase My APR?!

Anonymous — Fri, 25 Mar 2016 00:07:08 GMT

I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.

Re: Why Would Citi Increase My APR?!

Anonymous — Fri, 25 Mar 2016 00:12:08 GMT

@Anonymous wrote:
I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.

Re: Why Would Citi Increase My APR?!

CreditMagic7 — Fri, 25 Mar 2016 00:13:14 GMT

@Anonymous wrote:
I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.

+10000000000000

Holy Smokes! Many of us would even welcome the 5% APR from Citi

Re: Why Would Citi Increase My APR?!

Anonymous — Fri, 25 Mar 2016 00:13:25 GMT

A W E S O M E APR!!!

Re: Why Would Citi Increase My APR?!

msbia — Fri, 25 Mar 2016 00:27:38 GMT

Don't you dare rock the boat. That is a marvelous APR on the DC!

Re: Why Would Citi Increase My APR?!

Anonymous — Fri, 25 Mar 2016 00:32:42 GMT

@CreditMagic7 wrote:
@Anonymous wrote:
I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.
+10000000000000

Holy Smokes! Many of us would even welcome the 5% APR from Citi

Re: Why Would Citi Increase My APR?!

CreditMagic7 — Fri, 25 Mar 2016 00:36:42 GMT

@CreditMagic7 wrote:
@Anonymous wrote:
I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.
+10000000000000

Holy Smokes! Many of us would even welcome the 5% APR from Citi

Prime example:

This post just encouraged a call to Citi requesting my own APR reduction. The result?

Approved!!! A whole 1.50% from 15.99 to 14.49

Re: Why Would Citi Increase My APR?!

msbia — Fri, 25 Mar 2016 00:41:05 GMT

@CreditMagic7 wrote:
@CreditMagic7 wrote:
@Anonymous wrote:
I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.
+10000000000000

Holy Smokes! Many of us would even welcome the 5% APR from Citi
Prime example:

This post just encouraged a call to Citi requesting my own APR reduction. The result?

Approved!!! A whole 1.50% from 15.99 to 14.49

Call again tomorrow. I did the online chat every other day for a week and went from 19.49 down to 13.49 on my Hhilton card today lol. Lowest offered rate is 15.49. I plan to chat again on Monday.

Re: Why Would Citi Increase My APR?!

CreditMagic7 — Fri, 25 Mar 2016 00:44:56 GMT

@msbia wrote:
@CreditMagic7 wrote:
@CreditMagic7 wrote:
@Anonymous wrote:
I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.
+10000000000000

Holy Smokes! Many of us would even welcome the 5% APR from Citi
Prime example:

This post just encouraged a call to Citi requesting my own APR reduction. The result?

Approved!!! A whole 1.50% from 15.99 to 14.49
Call again tomorrow. I did the online chat every other day for a week and went from 19.49 down to 13.49 on my Hhilton card today lol. Lowest offered rate is 15.49. I plan to chat again on Monday.

Thanks for sharing.

Looks like then they been holding back so that they have more in reserve to offer next time(s) we call

Re: Why Would Citi Increase My APR?!

ddemari — Fri, 25 Mar 2016 00:48:15 GMT

wow op thats an impressive apr on a citi card or any card!!! like others said, i would just be happy with that and not raise attention. unless you dont mind raising attention and really want it back to 4.9%. clearly you are doing lots of things right to obtain such a low apr!

Re: Why Would Citi Increase My APR?!

pip3man — Fri, 25 Mar 2016 02:04:41 GMT

lmfaooo the comments on this thread got me laughing so hard that I totally forgot bout my worries. But on the other hand I did give them a call and the rep said the lowest APR on the rewards card are slightly different from the travel cards so during the conversion the APR was adjusted to fit the category of the new card im moving into. I dont know whether to take that answer with a grain of salt but I've done couple of PC in the past and still retained all the original account terms. But anyways she said I have 51 days to switch back to the AA card and everything will revert to original... still laughing hysterically from the comments lool

Re: Why Would Citi Increase My APR?!

Anonymous — Fri, 25 Mar 2016 02:11:53 GMT

@pip3man wrote:
Ok few weeks ago I contacted Citi and had the APR on my AA card lowered to 4.24%. Days later I requested to PC to the Double Cash card and everything went smoothly. My statement cut today and I logged in to my account only to notice they slightly bumped up my APR to 5.24%. Nothing has changed at all since my last reduction so I can't seem to figure out why they increased the rate all of a sudden. Could the PC have triggered this? Should I call them and request to switch back to the AA Platinum and see if it restores the original APR?? But at the same time I dont wanna draw unnecessary attention to my account

Do you have the card for the APR attached to it or the rewards? I am not sure I would care about 1% APR change vs rewards that would be more useful. I am just curious about this...nothing funny or trying to be smart.

Re: Why Would Citi Increase My APR?!

Anonymous — Fri, 25 Mar 2016 13:03:04 GMT

The DC is always 1 pct higher just look at starting Apr between simplicity and dc

Re: Why Would Citi Increase My APR?!

Closingracer99 — Fri, 25 Mar 2016 16:25:50 GMT

@CreditMagic7 wrote:
@Anonymous wrote:
I think I would be very, very happy to have that APR on a rewards card paying out 2% across the board. Really happy.
+10000000000000

Holy Smokes! Many of us would even welcome the 5% APR from Citi

Yeah I believe my lowest APR with citi is like 19% . Not really complaining since A) I am fairly new with Credit with my oldest reaching 3 years old come June and B) They offer 0% APR for BT all the time and if I needed to carry a balance I would just use that.

Re: Why Would Citi Increase My APR?!

galahad15 — Mon, 28 Mar 2016 23:17:00 GMT

Very sorry to hear about the APR increase after the PC to DC Mister (I just had a chance to read through your thread a few mins. ago). If it's hopefully any consolation at all tho, you definitely still have the awesomest APR on the forum -- especially for a Citi DC with 2% rewards; your 5.24% is 100% amazing, in mho!

Re: Why Would Citi Increase My APR?!

Anonymous — Tue, 29 Mar 2016 01:12:19 GMT

What the wow you and I have similar credit limits everything accept our Apr mine is at 23.34% with a 691 fico. Where did I go wrong