topic Re: Citi DC APR dropping? in Credit Cards

Citi DC APR dropping?

pinkandgrey — Tue, 31 Mar 2020 18:27:22 GMT

Has anyone else been seeing the APR on the DC keep going down? Every statement or two it goes down.

Re: Citi DC APR dropping?

M_Smart007 — Tue, 31 Mar 2020 18:46:12 GMT

@pinkandgrey wrote:
Has anyone else been seeing the APR on the DC keep going down? Every statement or two it goes down.

Mine currently is at 14.24% on both DC cards.

Re: Citi DC APR dropping?

AverageJoesCredit — Tue, 31 Mar 2020 18:52:07 GMT

@M_Smart007 wrote:
@pinkandgrey wrote:
Has anyone else been seeing the APR on the DC keep going down? Every statement or two it goes down.
Mine currently is at 14.24% on both DC cards.

I tried hitting the request an increase button on your post but couldnt do so🤭

Re: Citi DC APR dropping?

pinkandgrey — Tue, 31 Mar 2020 18:58:20 GMT

@M_Smart007 wrote:
@pinkandgrey wrote:
Has anyone else been seeing the APR on the DC keep going down? Every statement or two it goes down.
Mine currently is at 14.24% on both DC cards.

I'll take some of your limit if that works for you.

Re: Citi DC APR dropping?

SFLSpotter9210 — Tue, 31 Mar 2020 19:06:24 GMT

They sent me a reduction offer to 5.9% apr on purchases until I believe October. I deferred cause all my purchases have been put on NFCU

Re: Citi DC APR dropping?

SFLSpotter9210 — Tue, 31 Mar 2020 19:08:18 GMT

**bleep** Citi give it to him already. I did it too and it sent me this🤔😳😜 AJC.

Re: Citi DC APR dropping?

Artemis092 — Tue, 31 Mar 2020 19:27:54 GMT

I am just now noticing it. Last time I looked it was 20%+........now it is 17.99%. I don't keep a balance so I never pay interest but that's definitely good to know. Thanks for the heads up.

Re: Citi DC APR dropping?

imaximous — Tue, 31 Mar 2020 19:32:27 GMT

Every card seems to be dropping. DC is now at 12.99%. Still too high to carry a balance but there’s a 0% BT offer I could use if needed. Hope not🤞🏻

Re: Citi DC APR dropping?

dragontears — Tue, 31 Mar 2020 19:38:07 GMT

Are these changes due to the change in the prime rate? Or are they actually changing the margin on your account?

Re: Citi DC APR dropping?

MrDisco99 — Tue, 31 Mar 2020 19:39:30 GMT

The Fed has been cutting the funds rate which is pegged to prime. Your adjustable CC APRs will go up and down with that.

Re: Citi DC APR dropping?

M_Smart007 — Tue, 31 Mar 2020 19:57:11 GMT

@dragontears wrote:
Are these changes due to the change in the prime rate? Or are they actually changing the margin on your account?

Change in prime rate .. plus I requested a lower APR via chat. The request dropped it to 15.24%

and the rate drop cut it to 14.24% .. as said upthread, would not carry a balance at those rates.

I have a few new cards at 0% , plus lenders like Chase, BBVA and HSBC are sending 0% APR checks.

Re: Citi DC APR dropping?

kerplunk — Tue, 31 Mar 2020 19:58:18 GMT

I'm at 13.49% right now with Citi Double Cash. $22,000 CL. Their site says the range is currently 13.99% - 23.99%.

Re: Citi DC APR dropping?

pinkandgrey — Tue, 31 Mar 2020 20:17:43 GMT

@kerplunk wrote:
I'm at 13.49% right now with Citi Double Cash. $22,000 CL. Their site says the range is currently 13.99% - 23.99%.

Yeah that's where mine is. The APR, that is, not the CL lol

Re: Citi DC APR dropping?

M_Smart007 — Tue, 31 Mar 2020 20:23:51 GMT

@pinkandgrey wrote:

@pinkandgrey wrote:

I'll take some of your limit if that works for you.

You may want to borrow some of @credit_is_crack 's limit (check the Citi DC card in His siggy)

https://ficoforums.myfico.com/t5/Credit-Card-Approvals/UPDATE-Citi-CLI-Glitch-20-000-SP-CLI/m-p/5596808#M597942

Re: Citi DC APR dropping?

SFLSpotter9210 — Tue, 31 Mar 2020 21:34:31 GMT

I'd like to borrow 10k please 😝

Re: Citi DC APR dropping?

Anonymous — Tue, 31 Mar 2020 23:51:45 GMT

Most of this is due to prime going close to 0. I posted on this a couple of weeks ago.

https://ficoforums.myfico.com/t5/Credit-Cards/Your-CC-Rates-To-Drop-a-Full-Point/td-p/5952271

Re: Citi DC APR dropping?

PDXoriginal — Wed, 01 Apr 2020 06:26:28 GMT

Apr on my Rewards+ is down to 9.49%