topic Re: Marvel Mastercard APR reduction in Credit Cards

Marvel Mastercard APR reduction

Anonymous — Wed, 24 May 2017 19:45:33 GMT

I was just approved for a marvel card. I was very happy until I saw my APR was 27%! Has anyone had any luck getting thier apr lowered with marvel/synchrony? I have alot of cards. 3 cap1, 1 navy federal, discover it, local credit union visa, plus lots of store cards including a couple from synchrony. My APR on those are as low as 8%. To me a card with 27% is useless. There is no way I would use it for anything. My fico is 693. Any suggestions would be appreciated. Thanks

Re: Marvel Mastercard APR reduction

Anonymous — Wed, 24 May 2017 21:10:01 GMT

Ouch. Looking at the rate and terms sheet Synchrony sets the interest rate for this card into three buckets based on creditworthiness: Type 1 is 15.74, Type 2 is 20.74 and Type 3 is 25.74. I'm surprised you got put in the highest rate group -- have you called and spoken with a Synchrony Credit Analyst to see if anything can be done?

Link for Marvel rate and terms sheet: https://ch02.rfecom.com/consumereApply/Internet/marvel/en/js/TermsConditions.htm

@Anonymous wrote:
I was just approved for a marvel card. I was very happy until I saw my APR was 27%! Has anyone had any luck getting thier apr lowered with marvel/synchrony? I have alot of cards. 3 cap1, 1 navy federal, discover it, local credit union visa, plus lots of store cards including a couple from synchrony. My APR on those are as low as 8%. To me a card with 27% is useless. There is no way I would use it for anything. My fico is 693. Any suggestions would be appreciated. Thanks

Re: Marvel Mastercard APR reduction

bigpoppa09 — Wed, 24 May 2017 21:41:43 GMT

I just looked at my APR 15.49%

Re: Marvel Mastercard APR reduction

Anonymous — Wed, 24 May 2017 22:15:19 GMT

Maxethan no I havent tried to have it lowered. I applied monday night online and they needed some id verification so I called them and gave them the info needed. The rep said your approved for 2k & I asked her what my apr was and she said that info would be in an email. I didnt recieve an email so I called today today being wedensday and asked what my apr was and the rep said 27%. I was so shocked I just said thanks & hung up. From what you just said and what I understand it cant be higher than 25%. I havent recieved the card yet but thats why I was asking if anyone has had luck getting the apr lowered on thier marvel card. I dont know if she simply told me 27% & meant 25% but either way even 25% is ridiculous.

Re: Marvel Mastercard APR reduction

AverageJoesCredit — Wed, 24 May 2017 23:35:28 GMT

Yeah the apr can be ridiculous , unfortunately , thats part of the ball game with many Synch cards. The solution would be to just use the card and pif. You can still earn pretty good and paying in full assures you the apr is mute. Something in your profile put you in that bucket. Dont hear too many APR reductions with Sync if at all. Wait til you receive card to actualy see your apr before you decide a plan of action. Good luck if you do.

Re: Marvel Mastercard APR reduction

gdale6 — Wed, 24 May 2017 23:54:39 GMT

Moving to main CC forum for better input

Re: Marvel Mastercard APR reduction

CreditCuriosity — Thu, 25 May 2017 01:46:45 GMT

Sync. doesn't do APR reductions that I have ever heard of.. Grats on the approval though. Just never carry a balance on it.. Use to have card approved for the 15.x apr with only around a 700 TU score.. Not sure how they determine the tiers are my TU wasn't great. Since cancelled the cards as had to many cc's

Re: Marvel Mastercard APR reduction

Anonymous — Thu, 25 May 2017 04:29:59 GMT

They put mine in the 25% bucket too and the TU pull they did showed a 763 score at that time, with no negative items, I believe 6 year AAoA, and 10 year history.

Of course i really just wanted a credit card with Spider-Man on it so no big deal, but still odd.

Re: Marvel Mastercard APR reduction

Anonymous — Thu, 25 May 2017 10:12:20 GMT

Wanderingbuilder hearing they threw you into the 25% as well I guess makes me feel a little better. I was kinda like you. I only got the card cuz I wanted the capt America card because the nerd in me thinks its cool. Have you ever tried to lower it? If so did you have any success? This is my first mastercard/visa from Synchrony. I have walmart, discount tire, car care one & BP gas card all thru synchrony but being they are all "store" cards I never tried to have my apr lowered on them. I dont know if I just need to accept its at 25% & thats that or if there is a chance I could get it lowered.

Re: Marvel Mastercard APR reduction

Anonymous — Thu, 25 May 2017 12:25:43 GMT

I've considered calling Credit Solutions to inquire about this as I am also in the 25% bucket. It hasn't been an issue since I PIF every month but it would be a nice "peace of mind" to have a lower APR in the off chance I had to carry a balance briefly for whatever circumstance. I figure the worst they can do is say no.

Re: Marvel Mastercard APR reduction

fedxboy — Thu, 25 May 2017 14:41:24 GMT

Yeah, I never heard of SF giving APR reductions like other Bank cards. I just looked at my statement and my APR is 15.49%. Out of all my Sync cards, this is the lowest APR and for me that's a keeper. I wonder if they'll let me change the design from Iron Man to the Shield..............

Re: Marvel Mastercard APR reduction

Anonymous — Thu, 25 May 2017 14:45:18 GMT

@fedxboy wrote:
Yeah, I never heard of SF giving APR reductions like other Bank cards. I just looked at my statement and my APR is 15.49%. Out of all my Sync cards, this is the lowest APR and for me that's a keeper. I wonder if they'll let me change the design from Iron Man to the Shield..............

I believe there was another thread on here where someone confirmed you can change designs.

Re: Marvel Mastercard APR reduction

Anonymous — Thu, 25 May 2017 14:51:00 GMT

For those interested in changing the design of your Marvel card, here is the related thread:

http://ficoforums.myfico.com/t5/SmorgasBoard/changing-Marvel-card-design/td-p/4941117

Re: Marvel Mastercard APR reduction

fedxboy — Thu, 25 May 2017 14:54:56 GMT

@Anonymous wrote:
For those interested in changing the design of your Marvel card, here is the related thread:

http://ficoforums.myfico.com/t5/SmorgasBoard/changing-Marvel-card-design/td-p/4941117

Thank you!!

Re: Marvel Mastercard APR reduction

Anonymous — Thu, 25 May 2017 14:57:30 GMT

@fedxboy wrote:
@Anonymous wrote:
For those interested in changing the design of your Marvel card, here is the related thread:

http://ficoforums.myfico.com/t5/SmorgasBoard/changing-Marvel-card-design/td-p/4941117
Thank you!!

Re: Marvel Mastercard APR reduction

Anonymous — Mon, 29 May 2017 13:22:54 GMT

So, just for giggles I sent a secure message asking if an APR reduction was possible but they responded saying there was no way. I'm going to call credit solutions tomorrow (after the holiday) and see if I can get a different answer.

Re: Marvel Mastercard APR reduction

Anonymous — Mon, 29 May 2017 14:51:18 GMT

Good luck! Please let us know what happens. Im very curious if you can get it done or not

Re: Marvel Mastercard APR reduction

AverageJoesCredit — Mon, 29 May 2017 19:49:11 GMT

Credit Soultions will probably be like here, take 5k increase and shoo go away

Re: Marvel Mastercard APR reduction

Anonymous — Mon, 29 May 2017 19:51:11 GMT

@AverageJoe

I'd be ok with that. Ive had no luck with CLI's for this card so far.

Re: Marvel Mastercard APR reduction

Anonymous — Tue, 30 May 2017 16:32:06 GMT

No love from cedit solutions on an APR reduction or CLI.

The rep said APR's are handled by customer service. He transferred me but I got tired of sitting on hold.

Called back. The rep looked for offers for a rate reduction but said that none were available. It would seem its possible but I imagine they are rare promotional reductions much like Cap1.

Welp, I tried.