topic Re: Amex --Auto-- APR Reduction in Credit Cards

Amex --Auto-- APR Reduction

Man-Of-Steel — Sun, 04 Jun 2017 17:31:32 GMT

I received an email from American Express last week regarding my Blue Cash Everyday card, with the following subject line:

Good news: Your Purchase APR has been reduced to 13.99%

The APR for this card was previously 18.74%. When the account was opened in 2013, the APR was 17.99%.

I rarely ask for APR reductions since I'm a PIF guy, and I had no intentions of asking for one on this account. However, I was pleasantly surprised to receive this email from Amex. I haven't heard much at all about auto APR reductions, so I figured I would post this in case someone might find this of interest. I should also mention that I've never carried a balance on this account.

Re: Amex --Auto-- APR Reduction

sunkissed — Sun, 04 Jun 2017 17:50:13 GMT

You're right, we don't hear about auto-APR reductions much. Cool beans! Congrats to you!

Re: Amex --Auto-- APR Reduction

simplynoir — Sun, 04 Jun 2017 18:01:05 GMT

Yep, color me surpised here on that auto-APR reduction. There are people who repeatedly call in and never get one. So congrats there!

Re: Amex --Auto-- APR Reduction

MrDisco99 — Sun, 04 Jun 2017 18:26:09 GMT

I'm guessing you took pretty good care of your account. Did you use it heavily? PIF every time?

This would be a nice surprise if I still have mine in 4 years.

Re: Amex --Auto-- APR Reduction

Man-Of-Steel — Sun, 04 Jun 2017 18:43:48 GMT

@MrDisco99 wrote:
I'm guessing you took pretty good care of your account. Did you use it heavily? PIF every time?

This would be a nice surprise if I still have mine in 4 years.

This card has received very light usage in the past couple of years. That was mainly due to the rewards being outclassed by many of my other cards such as the Sallie Mae MC. Now that the Sallie Mae/Commence card is closed, the Amex BCE is seeing a bit more usage now. I've never carried a balance on this card.

Re: Amex --Auto-- APR Reduction

AverageJoesCredit — Sun, 04 Jun 2017 19:23:35 GMT

Sweet deal

Re: Amex --Auto-- APR Reduction

Gidgetmom — Sun, 04 Jun 2017 19:28:33 GMT

Thank you sharing and congrats! Good information.

Re: Amex --Auto-- APR Reduction

Man-Of-Steel — Sun, 04 Jun 2017 21:11:53 GMT

Thanks everyone!

Re: Amex --Auto-- APR Reduction

Anonymous — Sun, 04 Jun 2017 21:16:58 GMT

Wow! That's AWESOME! I haven't heard of that before either.

Re: Amex --Auto-- APR Reduction

kevinjjc — Mon, 05 Jun 2017 11:01:22 GMT

Nice! Thanks for sharing. Definitely good to know.

Re: Amex --Auto-- APR Reduction

JustBPatient — Mon, 05 Jun 2017 15:09:56 GMT

Love that they are being proactive!!

Re: Amex --Auto-- APR Reduction

BPebbles — Mon, 05 Jun 2017 18:03:18 GMT

Wow! I've heard of temporary APR reductions from AmEx, but not Auto APR reductions! Thanks for sharing!

Re: Amex --Auto-- APR Reduction

10022016 — Fri, 22 Sep 2017 20:44:45 GMT

I've had the BCE for nearly two years and have never received a auto APR reduction; I contacted them today to lower the APR and they said 22 percent is the lowest. I've always PIF'ed except for the 0% intro period.