topic Re: Discover APR reduction. in Credit Cards

Discover APR reduction.

Anonymous — Sat, 11 Mar 2017 08:30:12 GMT

I've had the card about 15 months now and i've requested a few times a APR reduction but always told no. this morning i requested via chat to have my APR reduced and it was successful. i was told i had 2 options on the account. one of the offers was 0% for 12 months or the other option which i decided to take was a offer to take 18.76% which is an 4.73% permanent reduction. if i feel like i need the 0% i can always try again and see if the offer is there but i'm happier with a overall APR being lower than a temporary one.

Re: Discover APR reduction.

Anonymous — Sat, 11 Mar 2017 08:36:53 GMT

Congrats! YMMV but I have heard that you can ask for one every 6 months

Re: Discover APR reduction.

Anonymous — Sat, 11 Mar 2017 09:40:28 GMT

Congrats on your APR reduction!!!

Re: Discover APR reduction.

Anonymous — Sat, 11 Mar 2017 12:35:22 GMT

Nice work on the APR reduction

Re: Discover APR reduction.

Anonymous — Sat, 11 Mar 2017 14:55:30 GMT

Great Apr reduction! There will be other offers for 0% for 12 months and so on but permanent Apr reductions are harder to score. Glad you "struck while the fire was hot"!

Re: Discover APR reduction.

CreditMagic7 — Sat, 11 Mar 2017 16:16:38 GMT

@Anonymous wrote:
Congrats! YMMV but I have heard that you can ask for one every 6 months

Exactly what Discover reps said to me time and again.

I always opted every 6 months for the permanent APR reduction as opposed to the temporary 0% for the simple reason that the Prime rate will auto-climb as we get into the Federal Rate hikes for one, and another is that they ALWAYS will ask you the choice you prefer anyway and a longer term gradual reduction is more efficient for some than the opposite.

Congratulations!

Re: Discover APR reduction.

Anonymous — Sat, 11 Mar 2017 17:45:05 GMT

thank you all for the kind comments. i really did want a permenent reduction vs temporary.

Re: Discover APR reduction.

Anonymous — Sun, 12 Mar 2017 01:48:19 GMT

Congrats! I plan on asking for a reduction when my 0% is over