topic Re: Citi APR reduction in Credit Cards

Citi APR reduction

Anonymous — Tue, 14 Mar 2017 13:59:52 GMT

I've seen several others talking about multiple APR reductions from Citi. I don't plan on having a balance, other than from BT offers, but would still like to see how low they will take it.

Approved for Citi DC last Monday (3/6). Got my card yesterday and activated it. Hopped on chat this morning to ask about APR reductions and they lowered mine by 1.5%

Very friendly CSR.

The change was noted immediately. I've read it's supposed to be 6 months between reductions, but I may see about getting another soon.

Re: Citi APR reduction

Poppa — Wed, 15 Mar 2017 01:12:59 GMT

I got 5 reductions 5 days in a row on chat and a SP CLI 2 months after opening card.

Re: Citi APR reduction

Anonymous — Wed, 15 Mar 2017 14:01:51 GMT

thanks, Poppa. Hopped on chat again today and got another reduction of 1%.

It may just be baby steps, but getting two reductions in two days is nice. Going to see how low they will take this.

Re: Citi APR reduction

SuperGotenks — Wed, 15 Mar 2017 14:50:26 GMT

I've gotten multiple reductions on my Double Cash the past three months. I started out at 23.49% and now I'm down to 15.49%. They dropped it down 2% each time.

01/03/2017 - 21.49%

02/15/2017 - 19.49%

03/05/2017 - 17.49%

03/11/2017 - 15.49%

Edit: Hopped on chat and got another reduction after making my post. Not 2% this time though. I guess I finally reached my limit. I'm at 14.74% now.

Patricia: at 10:43:29

You can lower the interest from (Prime)3.75 + (Variable)11.74 = 15.49% to (Prime)3.75 + (Variable)10.99 = 14.74%.

Patricia: at 10:43:40

I have successfully changed the APR on the account.

Patricia: at 10:44:39

It will be effective immediately.

Patricia: at 10:45:09

I see you have been a Client for 1 Year. Thank you for your continued business with Citi(R) Double Cash card.

Re: Citi APR reduction

SuperGotenks — Thu, 16 Mar 2017 04:38:09 GMT

Hrmm, my original post had been deleted, but now it's back again...

Re: Citi APR reduction

galahad15 — Wed, 15 Mar 2017 19:28:05 GMT

Congrats on the amazing APR reductions!

Re: Citi APR reduction

Anonymous — Thu, 16 Mar 2017 12:48:01 GMT

Third day in a row, and got another reduction. Got 1.5% reduction first day, 1% second day, and then 2% today.

After being approved with a 21.99% APR, it's a lot nicer to see it at 17.49% now. Hopefully I can drop it the other 4% to have their lowest offered rate.

Re: Citi APR reduction

Anonymous — Thu, 16 Mar 2017 13:04:01 GMT

@Anonymous wrote:
Third day in a row, and got another reduction. Got 1.5% reduction first day, 1% second day, and then 2% today.
After being approved with a 21.99% APR, it's a lot nicer to see it at 17.49% now. Hopefully I can drop it the other 4% to have their lowest offered rate.

Congrats on the APR reductions. Are you doing this all on chat?

Re: Citi APR reduction

Anonymous — Thu, 16 Mar 2017 13:32:58 GMT

Congratulations, OP. ihcole posted about doing this a year ago with Citi ( same situation, multiple reductions all in one day). I read his post and was successful at doing the same thing in 2016. My American Airlines card was taken down to 13.24% and my Double Cash was taken down to 14.74% in 2016.

Tried this year and they won't go down further, although I have a 5% promo rate on American Airlines card through the end of June.

No redux this year on Prestige.

I don't think most of the time that they will go below 14.74%, however, no matter how much you try.

Thanks to the stupid Federal Reserve, everyone's interest rates just went up and will most likely go up two more times this year. Not a fan of the Federal Reserve. I believe they are a friend to investors, not regular consumers.

Enjoy your new APR redux.

Re: Citi APR reduction

Anonymous — Thu, 16 Mar 2017 13:46:29 GMT

yes, Irish, all three have been through chat.

and after humuhumunukunukuapuaa mentioned getting all of his in a day, I may just try again in a bit

Re: Citi APR reduction

Anonymous — Thu, 16 Mar 2017 13:55:24 GMT

no go on another reduction today, but I will try again tomorrow

Re: Citi APR reduction

Anonymous — Thu, 16 Mar 2017 14:34:15 GMT

Remember they most likely will also look at FICO (and other factors) in determing how low they are willing to take your rate. I believe my FICO was close to 740 in 2016 at the time they offered their lowest rate.

Re: Citi APR reduction

Anonymous — Thu, 16 Mar 2017 14:40:36 GMT

Thanks for the info. Considering my approval was initially for over 20%, I may not be able to get tons lower than the 17.49 it's sitting at now, but will still try again for more

Re: Citi APR reduction

pip3man — Thu, 16 Mar 2017 14:57:20 GMT

With the interest rate hike of yesterday, my new APR on the Prestige will be 13.99% while the Double Cash slowly creeps to 5.74%. From what I was told back then, Citi is not flexible with reducing APR on their flagship card - the Prestige. That one time my Prestige's interest rate was lowered, the agent specifically told me it was a test/pilot program that was very uncommon and would likely be discontinued. To top it off, the reduction was like only 1 or 2% in comparison to the usual 4% off per request I normally got with the DC. And ever since then, they never reduced my Prestige's rate again even though the DC continued getting some love.

Re: Citi APR reduction

Anonymous — Thu, 16 Mar 2017 16:17:04 GMT

@pip3man wrote:
With the interest rate hike of yesterday, my new APR on the Prestige will be 13.99% while the Double Cash slowly creeps to 5.74%. From what I was told back then, Citi is not flexible with reducing APR on their flagship card - the Prestige. That one time my Prestige's interest rate was lowered, the agent specifically told me it was a test/pilot program that was very uncommon and would likely be discontinued. To top it off, the reduction was like only 1 or 2% in comparison to the usual 4% off per request I normally got with the DC. And ever since then, they never reduced my Prestige's rate again even though the DC continued getting some love.

Interesting information, mister. If I remember correctly from last year, you PC'd with Citi to one of your current cards, correct, and the low rate was a result of that?

The feds will do us all in yet if they keep trying.

I think we should start with cutting the Federal Reserve - with the first cut being Janet Yellen.

Re: Citi APR reduction

Anonymous — Thu, 16 Mar 2017 16:17:50 GMT

@Anonymous wrote:
Thanks for the info. Considering my approval was initially for over 20%, I may not be able to get tons lower than the 17.49 it's sitting at now, but will still try again for more

Definitely always try, Tigers, you are doing great. You'll never know if you don't try.

Re: Citi APR reduction

Anonymous — Fri, 17 Mar 2017 12:53:21 GMT

hopped on chat this morning and they gave me another reduction by 2%. Not sure how much more I can get it lowered, but dropping it by 6.5% over 4 days is nice

Re: Citi APR reduction

Anonymous — Fri, 17 Mar 2017 13:24:19 GMT

Nice work, tigers, enjoy the lower APR!

Re: Citi APR reduction

Anonymous — Sat, 18 Mar 2017 12:46:08 GMT

Fifth try in 5 days; Citi lowered again today by 0.75%. Considering my initial approval was at 21.99% and they've dropped it to 14.74% I may have hit my limit.
My approval was with a 674 EQ; don't know if they will take it all the way down to their lower APR

Re: Citi APR reduction

Anonymous — Sun, 19 Mar 2017 13:44:12 GMT

No go today on a reduction, so I think I've hit my bottom. Still, getting APR reduced from my original 21.99% to 14.74% feels good. I'm less than 1% away from their lowest rate for the DC. It is also good to see a bank working with someone the way they have. Very polite CSRs through chat