topic Re: CSR -- 20.6% apr in Credit Cards

CSR -- 20.6% apr

TruBlu — Tue, 06 Sep 2016 18:38:02 GMT

Ok, so gave in to th frenzy and apped and approved for the CSR. Can't wait to get my hands on $450 worth of plastic

However, the apr has be a little ticked off. 20.6% would be higher that the apr on CSP and Freedom, infact a higher apr than the Cap1 cars I received when my scores were sub 700. Guess this will have to be a no balance card.

Current stats: EX 806, TU FICO 798. 2/24 before app. Overall utl at 9%

Don't see an alert on either of these so I assume they pulled EQ. Chase double pulled EX and TU when I apped for CSP and Freedom over 2 yrs ago.

Has anyone had any luck negotiating the APR on activation on a CSR on with Chase??

Re: CSR -- 20.6% apr

CreditCuriosity — Tue, 06 Sep 2016 18:41:20 GMT

Surprised you got such a lousy APR with your scores and 2/24 over the past two years and overall low utilization. Chase doesn't negotiate APR's it just doesn't happen. Congrats on your card though. Rewards cards aren't really meant to carry balances either, so no real loss there IMO, but I understand being the principle thing, but its an approval at least on a very nice card.

Re: CSR -- 20.6% apr

TruBlu — Tue, 06 Sep 2016 18:53:14 GMT

Don't get me wrong, I'm a Chase fan. They are awesome with SLs and are again the leaders with my highest SL. But total shock on the APR!
Higher APR than the CSP and Freedom with better scores is a head scratcher..

Re: CSR -- 20.6% apr

nachoslibres — Tue, 06 Sep 2016 18:56:38 GMT

@CreditCuriousity wrote:
Surprised you got such a lousy APR with your scores and 2/24 over the past two years and overall low utilization. Chase doesn't negotiate APR's it just doesn't happen. Congrats on your card though. Rewards cards aren't really meant to carry balances either, so no real loss there IMO, but I understand being the principle thing, but its an approval at least on a very nice card.

This. I think APRs are just a badge of honor - the lower the better - but in the end it doesn't matter because if you are using the card correctly you wouldn't carry a balance and thus the APR doesn't matter.

In fact, if you didn't say anything, no one else would know. I don't even know what APR we received on the CSR my wife was approved for - but we only received the minimum $10k limit - and that was after a grilling of income and a history of all our other cards and amount we run through them - probably because my wife had no credit cards in her name before this one (except for a couple of AUs from my cards).

Re: CSR -- 20.6% apr

Anonymous — Tue, 06 Sep 2016 19:02:02 GMT

@TruBlu wrote:
Don't get me wrong, I'm a Chase fan. They are awesome with SLs and are again the leaders with my highest SL. But total shock on the APR!
Higher APR than the CSP and Freedom with better scores is a head scratcher..

Can't really count the CSP as that has a same-for-everyone APR. Freedom does vary though

Re: CSR -- 20.6% apr

CreditCuriosity — Tue, 06 Sep 2016 19:08:23 GMT

@Anonymous wrote:
@TruBlu wrote:
Don't get me wrong, I'm a Chase fan. They are awesome with SLs and are again the leaders with my highest SL. But total shock on the APR!
Higher APR than the CSP and Freedom with better scores is a head scratcher..
Can't really count the CSP as that has a same-for-everyone APR. Freedom does vary though

Not anymore, this varies now as well .. Regardless I got the "best" apr due to getting it back when there was only one APR on the card vs. range. Granted never carry a balance on that card either if at all possible.

Re: CSR -- 20.6% apr

Anonymous — Tue, 06 Sep 2016 19:11:19 GMT

@CreditCuriousity wrote:
@Anonymous wrote:
@TruBlu wrote:
Don't get me wrong, I'm a Chase fan. They are awesome with SLs and are again the leaders with my highest SL. But total shock on the APR!
Higher APR than the CSP and Freedom with better scores is a head scratcher..
Can't really count the CSP as that has a same-for-everyone APR. Freedom does vary though
Not anymore, this varies now as well .. Regardless I got the "best" apr due to getting it back when there was only one APR on the card vs. range. Granted never carry a balance on that card either if at all possible.

Oh, didn't see that! Did that come in with the CSR, or before? It makes sense, one APR for all really doesn't!

Re: CSR -- 20.6% apr

CreditCuriosity — Tue, 06 Sep 2016 19:22:50 GMT

@Anonymous wrote:
@CreditCuriousity wrote:
@Anonymous wrote:
@TruBlu wrote:
Don't get me wrong, I'm a Chase fan. They are awesome with SLs and are again the leaders with my highest SL. But total shock on the APR!
Higher APR than the CSP and Freedom with better scores is a head scratcher..
Can't really count the CSP as that has a same-for-everyone APR. Freedom does vary though
Not anymore, this varies now as well .. Regardless I got the "best" apr due to getting it back when there was only one APR on the card vs. range. Granted never carry a balance on that card either if at all possible.
Oh, didn't see that! Did that come in with the CSR, or before? It makes sense, one APR for all really doesn't!

Several months before.. Only one or two Chase cards left with set APR's.. AARP is one for obvious reason (who it is targeted for) and possibly one or two others, don't feel like clicking through them all .. Maybe Disny as well?

Re: CSR -- 20.6% apr

kdm31091 — Tue, 06 Sep 2016 19:30:05 GMT

Sorry about the APR, I understand the annoying feeling of it. As stated they don't negotiate APR so all you can do is not carry a balance on it (doubt you would anyway).

Re: CSR -- 20.6% apr

UFGuy2006 — Tue, 06 Sep 2016 21:05:02 GMT

@nachoslibres wrote:
@CreditCuriousity wrote:
Surprised you got such a lousy APR with your scores and 2/24 over the past two years and overall low utilization. Chase doesn't negotiate APR's it just doesn't happen. Congrats on your card though. Rewards cards aren't really meant to carry balances either, so no real loss there IMO, but I understand being the principle thing, but its an approval at least on a very nice card.
This. I think APRs are just a badge of honor - the lower the better - but in the end it doesn't matter because if you are using the card correctly you wouldn't carry a balance and thus the APR doesn't matter.

In fact, if you didn't say anything, no one else would know. I don't even know what APR we received on the CSR my wife was approved for - but we only received the minimum $10k limit - and that was after a grilling of income and a history of all our other cards and amount we run through them - probably because my wife had no credit cards in her name before this one (except for a couple of AUs from my cards).

Agreed. I would NOT be carrying a balance on this card.

Re: CSR -- 20.6% apr

ddemari — Tue, 06 Sep 2016 21:18:10 GMT

sorry about your apr op. I dont think many have had luck getting that apr lowered upon activation.

Re: CSR -- 20.6% apr

kdm31091 — Tue, 06 Sep 2016 21:23:36 GMT

@ddemari wrote:
sorry about your apr op. I dont think many have had luck getting that apr lowered upon activation.

Not just at activation, but ever with Chase! I haven't heard of any consumer requested APR reductions occuring with them. Just not something they do.

Anytime I have asked, I get a spiel about "they review accounts every 6 months" but I've never heard of this actually resulting in a lower rate for anyone.

All one can do with Chase is just resign not to carry a balance

Re: CSR -- 20.6% apr

Xistaben2 — Tue, 06 Sep 2016 22:18:48 GMT

I got hit as well with the 24% APR. My score is lower than yours, but Cap1 and Amex gave me low APRs, Amex giving me the lowest offered for their EDP.

Not sure the reasoning, I just assume they hate me lol which is fine. Hadn't planned on carrying a balance on the CSR and nor should you. Take it in stride I guess.