topic Re: Citi DC APR reduction: 25.74% --> 16.49% in Credit Cards

Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 01:54:10 GMT

I was reading a handful of threads recently about people calling and requesting APR reductions on their cards, so I figured I'd go ahead and play the game with my Citi DC for S&Gs. I've never paid a penny of interest to them, so I honestly didn't even know what my starting APR was. I entered chat and found it to be 25.74%. I asked for a reduction and within 1 minute received a response that it was reduced to 24.24%. 2 days later I hit up chat again and made the same request. After a minute I was told it was dropped from 24.24% to 22.24%. 1 day later, the same thing. This time it was dropped a bit more significantly to 16.49%. I've tried a couple of more times since then, but was told "An APR reduction isn't currently available on your account, but try back as often as you'd like and we can check." So anyway, to recap in 3 days time:

Day 1 – 25.74% --> 24.24%

Day 3 – 24.24% --> 22.24%

Day 4 – 22.24% --> 16.49%

I offer this information as a great example of "the squeaky wheel gets the grease." While APR is essentially irrelevant to me, I know it does indeed matter to many people and it definitely doesn't hurt to ask. You've got nothing to lose, except perhaps a few percentage points on APR.

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 01:58:14 GMT

You just reminded me of what I need to do. Have had my Citi DC card for about 4 years. 17.25% APR. Got a letter from Citi in the mail today. The envelope said "we have some good news". Offered me two different low APRs on balance transfers, then my APR would increase to 18.25%.

Huh? "We've got some good news...your APR is going up"?

Re: Citi DC APR reduction: 25.74% --> 16.49%

AverageJoesCredit — Fri, 12 Apr 2019 01:58:09 GMT

Very nice Brutal May the Apr Redux games begin.....

Re: Citi DC APR reduction: 25.74% --> 16.49%

mikesonthemend — Fri, 12 Apr 2019 02:24:54 GMT

Strike 1, Strike 2, Bam!

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 02:31:49 GMT

Nice decrease!

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 03:18:26 GMT

I don't know how standard these types of decreases are if you ask, but why not try, right? I sent Discover a secured message tonight asking them if an APR reduction was possible. I don't even know what my Discover APR is, but I will report back the response I get.

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 05:12:53 GMT

Congrats! I'm going for mine now....did so a few months back and came down a few points in one chat.....they came with a reduction and twice I pressed for more and got it.

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 12:46:45 GMT

What I find interesting is that they clearly have no time table with which to follow in terms of how often you can get a decrease. Clearly every day is fine and perhaps even an hour later one could contact another CSR and get another reduction. It would just make things easier if they would give you the maximum reduction all in one shot, but I perhaps from a profits perspective they hope people just "settle" for the first (small) offer.

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 14:43:16 GMT

I think you hit the nail on the head. Most will accept a little and move on. Everyone isn't MF material!

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 16:08:25 GMT

Does anyone know the lowest possible APR on the Citi DC?

The most recent CSR told me that I'm at the lowest available APR on the card, implying that it can't go lower than 16.49%, but past CSRs have not said this and have implied that it can go lower, just not at this time.

Re: Citi DC APR reduction: 25.74% --> 16.49%

pinkandgrey — Fri, 12 Apr 2019 16:17:40 GMT

Persistence lol congrats! That’s a huge reduction. I got lucky with my DC. For some strange reason Citi gave me the lowest APR they offer right from the start.

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 16:55:25 GMT

@Anonymous wrote:
Does anyone know the lowest possible APR on the Citi DC?

The most recent CSR told me that I'm at the lowest available APR on the card, implying that it can't go lower than 16.49%, but past CSRs have not said this and have implied that it can go lower, just not at this time.

15.74% is the lowest possible.

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 17:03:56 GMT

15.74% seems to be the bottom advertised...I'm trying.

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 17:09:11 GMT

No dice. Stuck @ 18.24%

Re: Citi DC APR reduction: 25.74% --> 16.49%

CreditCuriosity — Fri, 12 Apr 2019 17:13:49 GMT

It can go lower than 15.xx APR, that is their advertised rate. People on this forum have sub 10%. I believe @FinStar has sub 10%. What is advertised and what one can get are two different things. I believe PC's obviously can accomplish this a bit easier with a very old card which might be the case with him and others, but I will let them ring in

Re: Citi DC APR reduction: 25.74% --> 16.49%

LakeLife — Fri, 12 Apr 2019 17:15:07 GMT

Great job and thanks for spreading the information on the forum!

Re: Citi DC APR reduction: 25.74% --> 16.49%

frugal47374 — Fri, 12 Apr 2019 17:22:06 GMT

@Anonymous wrote:
15.74% seems to be the bottom advertised...I'm trying.

My last statement has 15.24%.

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 17:29:34 GMT

Would love to hear more like these!

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 19:11:07 GMT

It definitely sounds like they can go lower than 15.74%. Those that have sub-15.74% APRs it would be great to hear from you and possibly any details as to how you arrived at that [relatively] low rate.

Re: Citi DC APR reduction: 25.74% --> 16.49%

Anonymous — Fri, 12 Apr 2019 19:14:07 GMT

Yes please, are these old cards that the APR was locked in and transferred over or do you have other methods up your sleeves?