topic Capital One- No more apr reductions for rest of 2020, maybe longer in Credit Cards

Capital One- No more apr reductions for rest of 2020, maybe longer

GApeachy — Fri, 18 Sep 2020 20:48:08 GMT

Time to call in to request apr reductions on all cards and was told Capital One will not grant anymore apr reductions indefinitely. CSR said not just for me, for everyone. Question: Has anyone gotten one from them lately?

Off to meet your friends in the sock drawer.....

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

dragontears — Fri, 18 Sep 2020 21:22:13 GMT

Capital One never did permanent APR reductions so not that big of a loss

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

GApeachy — Fri, 18 Sep 2020 22:44:43 GMT

@dragontears wrote:
Capital One never did permanent APR reductions so not that big of a loss

9.5 pts. may not seem like much......but it is. I didn't mind calling in every 6 months to request another reduction, it's a loss to me nonetheless.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

800wannabe420 — Fri, 18 Sep 2020 22:55:00 GMT

@GApeachy wrote:
@dragontears wrote:
Capital One never did permanent APR reductions so not that big of a loss
9.5 pts. may not seem like much......but it is. I didn't mind calling in every 6 months to request another reduction, it's a loss to me nonetheless.

Even though I always PIF, I also call in every 6 months and consider this a loss...😞

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

Anonymous — Fri, 18 Sep 2020 23:12:49 GMT

@GApeachy wrote:
Time to call in to request apr reductions on all cards and was told Capital One will not grant anymore apr reductions indefinitely. CSR said not just for me, for everyone. Question: Has anyone gotten one from them lately?
Off to meet your friends in the sock drawer.....

COOL

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

Loquat — Sat, 19 Sep 2020 02:09:38 GMT

I have to be honest, I did realize that CapOne ever did APR reductions. Just didn't think they were into that kinda customer friendly stuff.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

GApeachy — Sat, 19 Sep 2020 02:29:58 GMT

@Loquat wrote:
Just didn't think they were into that kinda customer friendly stuff.

Well, they were. I remember when we could chat too.....(((sigh))).

I've even gotten flowers from them, without having a hardship complaint (they do that) although a cli would have been nicer. Without BT offers, cli requests every 6 months regardless of spend, and now this............the customer friendly stuff is kinda gone.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

Anonymous — Sat, 19 Sep 2020 02:39:32 GMT

Honestly I stopped calling and asking back in 2018 when I got my CU cards. Even with their temporary reduction, I was still paying like 14% if I carried a balance.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

Loquat — Sat, 19 Sep 2020 02:39:47 GMT

@GApeachy That unfortunate. I still have a QS with a 44.5k limit that I'm shocked they haven't reduced.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

GApeachy — Sat, 19 Sep 2020 02:44:44 GMT

@Loquat wrote:

@GApeachyThat unfortunate. I still have a QS with a 44.5k limit that I'm shocked they haven't reduced.

you shouldn't have said that.....just joking.

That's a killer limit and it's a sd card? I'm just not gonna run high spend for a card that'll reduce if I don't continually run high spend. Might as well leave it be.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

Loquat — Sat, 19 Sep 2020 02:47:00 GMT

I've accepted that the day will come when they cut it in half or even more possibly. I just don't care enough to do it. As much as it'd suck to lose the limit it'd suck even more for me to run high spend through a 1.5%CB card when I know I can do better with another.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

GApeachy — Sat, 19 Sep 2020 02:51:06 GMT

@Anonymous wrote:
Honestly I stopped calling and asking back in 2018 when I got my CU cards. Even with their temporary reduction, I was still paying like 14% if I carried a balance.

Yep, exactly...too high. 24% ridiculous, not the daily driver type card. I just pc'd this card for the extra points, kids using for daily driver but now that apr has shot back up, time to move on.

Once CapOne brings back apr reduction and I get this back down to a palatable % fine.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

blindambition — Sat, 19 Sep 2020 02:57:47 GMT

@GApeachy wrote:
Time to call in to request apr reductions on all cards and was told Capital One will not grant anymore apr reductions indefinitely. CSR said not just for me, for everyone. Question: Has anyone gotten one from them lately?
Off to meet your friends in the sock drawer.....

Hey Peachy,

The EO used to do permanent, but not in a long while.

Call and say, What are my promos? They do 7 month promos. Mine haven't been without in years. When they expire, there's a new one a few days later.

My QS is 14.99, but 10.9 with promo.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

GApeachy — Sat, 19 Sep 2020 02:59:50 GMT

@Loquat wrote:
it'd suck even more for me to run high spend through a 1.5%CB card when I know I can do better with another.

I hear ya, and if the apr is high on top of that then that 1.5% is even less. That lower apr meant all the difference in rocking the socks or being thrown into the socks for a season or two. I'm a pif'er but my AU's are not so moving on to lower apr cards, no biggie, just disappointing.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

GApeachy — Sat, 19 Sep 2020 03:03:09 GMT

@blindambition wrote:
@GApeachy wrote:
Time to call in to request apr reductions on all cards and was told Capital One will not grant anymore apr reductions indefinitely. CSR said not just for me, for everyone. Question: Has anyone gotten one from them lately?
Off to meet your friends in the sock drawer.....
Hey Peachy,
The EO used to do permanent, but not in a long while.
Call and say, What are my promos? They do 7 month promos. Mine haven't been without in years. When they expire, there's a new one a few days later.
My QS is 14.99, but 10.9 with promo.

That's not the same thing? Temp. apr reduction?

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

blindambition — Sat, 19 Sep 2020 03:03:54 GMT

My last one was 3 weeks ago. Either that just happened, or rep is misinformed.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

GApeachy — Sat, 19 Sep 2020 03:07:55 GMT

@blindambition wrote:
My last one was 3 weeks ago. Either that just happened, or rep is misinformed.

Supposedly it happened Sept. 1st. You're a lucky duck. Mine just expired last week.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

blindambition — Sat, 19 Sep 2020 03:17:02 GMT

@GApeachy wrote:
@blindambition wrote:
My last one was 3 weeks ago. Either that just happened, or rep is misinformed.
Supposedly it happened Sept. 1st. You're a lucky duck. Mine just expired last week.

It's really kind of sad. They once had stellar service for the average joe.

No more graduating cards, no more account reallocations. Times have certainly changed and no perks for a cardholder.

Re: Capital One- No more apr reductions for rest of 2020, maybe longer

GApeachy — Sat, 19 Sep 2020 03:30:58 GMT

@blindambition wrote:
@GApeachy wrote:
@blindambition wrote:
My last one was 3 weeks ago. Either that just happened, or rep is misinformed.
Supposedly it happened Sept. 1st. You're a lucky duck. Mine just expired last week.
It's really kind of sad. They once had stellar service for the average joe.
No more graduating cards, no more account reallocations. Times have certainly changed and no perks for a cardholder.

I knew there were more perks gone but couldn't remember them all. Hopefully some will come back. I blame this Covid 19/Economic Downturn for the recent losses so it'll be a while I'm sure. Even the CSR said that.