topic Re: Credit One APR Lowered in Credit Cards

Credit One APR Lowered

Rudy1 — Fri, 14 Aug 2020 18:38:22 GMT

I opened a Credit One Card in 2019 and the apr they gave me was 25.40%. Whatever I paid it in full so it did not matter today I got an email that a new document was posted. My apr was lowered to 23.90%. I can't believe they did that. Since it's Credit One.

Re: Credit One APR Lowered

Red1Blue — Fri, 14 Aug 2020 18:48:55 GMT

Congrats

Re: Credit One APR Lowered

Anonymous — Fri, 14 Aug 2020 19:27:54 GMT

Those are just the prime rate decreases dropping your variable APR.

Re: Credit One APR Lowered

M_Smart007 — Fri, 14 Aug 2020 21:31:53 GMT

@Anonymous wrote:
Those are just the prime rate decreases dropping your variable APR.

And they will go back up when interest rates rise.

Re: Credit One APR Lowered

CreditCrusader — Sat, 15 Aug 2020 12:38:28 GMT

@M_Smart007 wrote:
@Anonymous wrote:
Those are just the prime rate decreases dropping your variable APR.
+1

And they will go back up when interest rates rise.

...in 15 years

Re: Credit One APR Lowered

M_Smart007 — Sat, 15 Aug 2020 17:47:45 GMT

@CreditCrusader wrote:
@M_Smart007 wrote:
@Anonymous wrote:
Those are just the prime rate decreases dropping your variable APR.
+1

And they will go back up when interest rates rise.
...in 15 years

We are in serious trouble if they don't raise rates for 15 years.

Re: Credit One APR Lowered

CYBERSAM — Sat, 15 Aug 2020 18:12:11 GMT

Coming form Credit One is like putting "lipstick on a pig"