topic Re: AMEX for APR Reduction (Offer Declined) in Credit Cards

AMEX for APR Reduction (Offer Declined)

Isacking97 — Wed, 19 Jun 2019 16:11:46 GMT

Just to show you guy my recent attend to reduce my APR with American Express

They also told me that because I been a customer for over 3 years, they added a notation in my account for a lower APR when available

Re: AMEX for APR Reduction (Offer Declined)

Anonymous — Wed, 19 Jun 2019 16:13:36 GMT

Yeah, they've been a bit stingy with the reductions for awhile now. Just keep bugging them and something better eventually pops up.

Re: AMEX for APR Reduction (Offer Declined)

Anonymous — Wed, 19 Jun 2019 16:29:16 GMT

It’s so lame that they consider that a promo... it’s like when Cap used to give me 4% reductions for 7 months... like that was going to make a big difference on a 24+% card.

Re: AMEX for APR Reduction (Offer Declined)

kdm31091 — Wed, 19 Jun 2019 16:37:50 GMT

Unfortunately they aren’t generous with reductions anymore. It is what it is. Disappointing but it’s the norm with them now. No permanent reductions and often limited promos.

Re: AMEX for APR Reduction (Offer Declined)

NRB525 — Wed, 19 Jun 2019 16:45:09 GMT

Now, as a comparison, if you have a charge over $100, what is the effective Plan It rate, for that charge on the same card? My experience is the Plan It effective APR is better than these “promo” rates.

I do have a 8% APR offer I accepted for my Delta Reserve, the 12-month term runs out in August I think, but I never used it for carrying any balances because so little gets charged to that card.

Re: AMEX for APR Reduction (Offer Declined)

Anonymous — Wed, 19 Jun 2019 16:57:17 GMT

They just offered me 1.99% for nine months on a card I haven't used for a while....

Re: AMEX for APR Reduction (Offer Declined)

Anonymous — Thu, 20 Jun 2019 18:29:18 GMT

Makes me curious if you'll get better success at lower APRs if ypou PIF, or barely use the card?

If you already carry a balance then there is no incentive for them to permantly lower it, or give good promo rate.

I believe if you wait for them to come to you, the rate has a chance of being more in your favor.

Chase for example has never offered me a BT, until just recently they mailed check to cash @ 0% through 8/2020.

Citi and Discover are always mailing checks, with varying offers from 0%, .99 % and 4.99% for 12 months.

Amex is the only one that doesn't, unless it was on a new App.

Re: AMEX for APR Reduction (Offer Declined)

Isacking97 — Sat, 22 Jun 2019 21:08:20 GMT

@Anonymous wrote:
Makes me curious if you'll get better success at lower APRs if ypou PIF, or barely use the card?
If you already carry a balance then there is no incentive for them to permantly lower it, or give good promo rate.
I believe if you wait for them to come to you, the rate has a chance of being more in your favor.

Chase for example has never offered me a BT, until just recently they mailed check to cash @ 0% through 8/2020.

Citi and Discover are always mailing checks, with varying offers from 0%, .99 % and 4.99% for 12 months.

Amex is the only one that doesn't, unless it was on a new App.

They sometimes offer me a lower APR when I don't pay my balance in full

Re: AMEX for APR Reduction (Offer Declined)

Anonymous — Sat, 22 Jun 2019 21:28:57 GMT

@Anonymous wrote:
Makes me curious if you'll get better success at lower APRs if ypou PIF, or barely use the card?

Nope... I PIF every month and it's still a couple of points for 12 months offers coming through.

Re: AMEX for APR Reduction (Offer Declined)

LunaBuna — Sun, 23 Jun 2019 00:34:44 GMT

@Anonymous wrote:
Makes me curious if you'll get better success at lower APRs if ypou PIF, or barely use the card?
If you already carry a balance then there is no incentive for them to permantly lower it, or give good promo rate.
I believe if you wait for them to come to you, the rate has a chance of being more in your favor.

Chase for example has never offered me a BT, until just recently they mailed check to cash @ 0% through 8/2020.

Citi and Discover are always mailing checks, with varying offers from 0%, .99 % and 4.99% for 12 months.

Amex is the only one that doesn't, unless it was on a new App.

I got the same offer from Chase. I guess they are pushing it.

Re: AMEX for APR Reduction (Offer Declined)

Anonymous — Sun, 23 Jun 2019 13:32:14 GMT

WIth Amex, it pays to allow promotional emails. I am on a 9% APR promotion with them for the next 6 months or so. I haven't used it, but it's good to have just in case I do end up needing to float a balance for a month or two.

That came through on email. I don't recall it showing up in my dashboard, but I could be mistaken. Also, the dashboard offers can change every few days, so it's worth checking in online daily. In one week I had three different offers come up on Gold, with three different SUB amounts.

I plan to try for an APR reduction on my BCP once that promotional period is up, so thanks for the DP. I want it to at least match my Cash Magnet at 15%.