topic DISCO APR reduction in Credit Cards

Message from Disco - APR Reduction Thread

omnicron — Fri, 20 Nov 2020 23:21:05 GMT

I'm in shock, Received a message from Disco today...

We are pleased to tell you that we have decided to lower the following Annual Percentage Rates (APRs)
on your account:
ANNUAL PERCENTAGE RATE (APR)
Purchases Prime + 8.74%, currently 11.99%V
V = Variable. Variable rates will vary with the market based on the Prime Rate.
This change is effective as of October 20, 2020. However, if you are currently receiving any lower APR
special assistance or benefit programs, the above-described new APRs will not apply to your account
until those other programs or benefits end.
Thank you for choosing Discover® Card.

Not sure if this is normal. I've had only one card, Cap1 and still has it's orginal apr. All my new cards have different rates

Re: Message from Disco

AllZero — Fri, 20 Nov 2020 04:27:48 GMT

Congratulations on your APR reduction!

APR reduced - Discover IT Cashback

Rpgough0311 — Fri, 20 Nov 2020 04:36:28 GMT

Hello all!

Just got a secure message from Discover saying they reduced my APR from 20.99 to 11.99! So maybe check yours and see if you guy and girls got one!

Pretty sweet news, but its 0% for a while since I opened it a month ago and I don't carry balances. Wonder if they'll give me a CLI before it turns 1 year?! Haha Or maybe I should try punching that Luv button???

Re: APR reduced - Discover IT Cashback

AllZero — Fri, 20 Nov 2020 04:41:12 GMT

Congratulations on your APR reduction!

Re: Message from Disco

omnicron — Fri, 20 Nov 2020 04:41:55 GMT

Thanks!

A few data points, dont know if it matters to anyone.

TU F8 758

SL 6500

Bal 2200

Opened 09-28-20

I dont like having this high of a balance but I think they like it and I'm hoping for a huge CLI. I should get my first statement tomorrow and I'm considering asking for a increase.

Re: APR reduced - Discover IT Cashback

omnicron — Fri, 20 Nov 2020 04:51:35 GMT

I got one today also!

Congrats

Re: APR reduced - Discover IT Cashback

Remedios — Fri, 20 Nov 2020 05:39:42 GMT

Congrats to both of you!

I've meged your threads since they are describing identical events in case someone else is looking for DPs.

Easier when in one place.

Re: APR reduced - Discover IT Cashback

AverageJoesCredit — Fri, 20 Nov 2020 11:51:07 GMT

@Rpgough0311 wrote:
Hello all!
Just got a secure message from Discover saying they reduced my APR from 20.99 to 11.99! So maybe check yours and see if you guy and girls got one!
Pretty sweet news, but its 0% for a while since I opened it a month ago and I don't carry balances. Wonder if they'll give me a CLI before it turns 1 year?! Haha Or maybe I should try punching that Luv button???

Thats a HUGE drop! Disco sure has her eyes on you

Re: Message from Disco

M_Smart007 — Fri, 20 Nov 2020 16:20:39 GMT

@omnicron wrote:
I'm in shock, Received a message from Disco today...

We are pleased to tell you that we have decided to lower the following Annual Percentage Rates (APRs)
on your account:
ANNUAL PERCENTAGE RATE (APR)
Purchases Prime + 8.74%, currently 11.99%V

Congrats on your Disco APR reduction.

Re: APR reduced - Discover IT Cashback

M_Smart007 — Fri, 20 Nov 2020 16:21:07 GMT

@Rpgough0311 wrote:
Hello all!
Just got a secure message from Discover saying they reduced my APR from 20.99 to 11.99! So maybe check yours and see if you guy and girls got one!
Pretty sweet news, but its 0% for a while since I opened it a month ago and I don't carry balances. Wonder if they'll give me a CLI before it turns 1 year?! Haha Or maybe I should try punching that Luv button???

Congratulations!

Re: APR reduced - Discover IT Cashback

1GaDawg85 — Fri, 20 Nov 2020 16:44:18 GMT

@M_Smart007 wrote:
@Rpgough0311 wrote:
Hello all!
Just got a secure message from Discover saying they reduced my APR from 20.99 to 11.99! So maybe check yours and see if you guy and girls got one!
Pretty sweet news, but its 0% for a while since I opened it a month ago and I don't carry balances. Wonder if they'll give me a CLI before it turns 1 year?! Haha Or maybe I should try punching that Luv button???

Congratulations!

Very nice APR reduction!

Re: Message from Disco

1GaDawg85 — Fri, 20 Nov 2020 16:44:58 GMT

@omnicron wrote:
I'm in shock, Received a message from Disco today...

We are pleased to tell you that we have decided to lower the following Annual Percentage Rates (APRs)
on your account:
ANNUAL PERCENTAGE RATE (APR)
Purchases Prime + 8.74%, currently 11.99%V
V = Variable. Variable rates will vary with the market based on the Prime Rate.
This change is effective as of October 20, 2020. However, if you are currently receiving any lower APR
special assistance or benefit programs, the above-described new APRs will not apply to your account
until those other programs or benefits end.
Thank you for choosing Discover® Card.

Not sure if this is normal. I've had only one card, Cap1 and still has it's orginal apr. All my new cards have different rates

That is awesome!

Re: Message from Disco

Anonymous — Fri, 20 Nov 2020 17:01:36 GMT

Congratulations.

Re: Message from Disco

CA4Closure — Fri, 20 Nov 2020 18:33:11 GMT

@omnicron wrote:
I'm in shock, Received a message from Disco today...

We are pleased to tell you that we have decided to lower the following Annual Percentage Rates (APRs)
on your account:
ANNUAL PERCENTAGE RATE (APR)
Purchases Prime + 8.74%, currently 11.99%V
V = Variable. Variable rates will vary with the market based on the Prime Rate.
This change is effective as of October 20, 2020. However, if you are currently receiving any lower APR
special assistance or benefit programs, the above-described new APRs will not apply to your account
until those other programs or benefits end.
Thank you for choosing Discover® Card.

Not sure if this is normal. I've had only one card, Cap1 and still has it's orginal apr. All my new cards have different rates

I am still at 16.24% APR. My CL is $45,000 and Discover will won't lower my APR% nor have they increased my CL automatically. So I guess I will keep using NFCU Go Rewards AMEX for my major expenses.

Re: Message from Disco

JeffMO — Fri, 20 Nov 2020 20:35:23 GMT

I just got one myself, but not an auto lol. I seen this thread and went to chat and asked, low and behold they gave me one. Just goes to show ya it never hurts to ask

I understand your concern for an overall reduced rate on future purchases. I show that you are currently eligible, congratulations! Your standard purchase APR for new purchases you make will be effective two days from today. It will be calculated at Prime + 15.99% which equals 19.24% variable, and will be reflected on your 12/19/20 billing statement. This change will not affect the APR on your existing balance. Do you accept?

Not the best but I was at 22.9 so what's that, 3.75 reduction?, ill take it!

Congrats to everyone else who got it done

DISCO APR reduction

1GaDawg85 — Fri, 20 Nov 2020 21:53:20 GMT

I sent them a message and they lowered my APR to 20%. Down from 22% so I will take it and didn't cost me anything except 10 minutes on their chat.

Re: DISCO APR reduction

blindambition — Fri, 20 Nov 2020 21:59:25 GMT

Congrats on the reduction. Ms. Disco showing her love. Keep periodically checking, Discover is good on APR reductions.

Re: DISCO APR reduction

1GaDawg85 — Fri, 20 Nov 2020 22:01:07 GMT

@blindambition wrote:
Congrats on the reduction. Ms. Disco showing her love. Keep periodically checking, Discover is good on APR reductions.

Yeah, only if she would give me a CLI but seems like I will need to call in and talk to someone about it since its a "past relationship"

Re: DISCO APR reduction

M_Smart007 — Fri, 20 Nov 2020 22:01:15 GMT

Congrats on the APR reduction!

Re: DISCO APR reduction

1GaDawg85 — Fri, 20 Nov 2020 22:03:38 GMT

@M_Smart007 wrote:
Congrats on the APR reduction!

Feels good to have Ms. Disco give me something. She just has a weird way of showing love