topic Re: Auto Amex APR Reduction in Credit Cards

Auto Amex APR Reduction

fiddycal — Tue, 02 Feb 2021 21:18:30 GMT

I recently downgraded my BCP to BCE, and I noticed when I got the new paperwork that the APR was significantly lower than I remembered. So I went back to check, and it turns out Amex had dropped my APR back in November without me noticing. A pretty significant drop to boot: 20.99 to 16.99!

Re: Auto Amex APR Reduction

AllZero — Tue, 02 Feb 2021 21:19:07 GMT

Congratulations on your APR reduction!

Re: Auto Amex APR Reduction

galahad15 — Tue, 02 Feb 2021 21:20:48 GMT

Congrats!

Re: Auto Amex APR Reduction

Rebuild2019 — Tue, 02 Feb 2021 21:22:12 GMT

That’s a good APR reduction. Congratulations 🎉🍾🎊.

Re: Auto Amex APR Reduction

Anonymous — Tue, 02 Feb 2021 23:04:26 GMT

congrats on your decreased apr!

Re: Auto Amex APR Reduction

M_Smart007 — Wed, 03 Feb 2021 08:45:33 GMT

Congratulations on your auto APR reduction.

Re: Auto Amex APR Reduction

Anonymous — Wed, 03 Feb 2021 13:23:02 GMT

nice! congrats on the apr reduction!

Re: Auto Amex APR Reduction

Credit4Growth — Wed, 03 Feb 2021 13:32:56 GMT

@fiddycal wrote:
I recently downgraded my BCP to BCE, and I noticed when I got the new paperwork that the APR was significantly lower than I remembered. So I went back to check, and it turns out Amex had dropped my APR back in November without me noticing. A pretty significant drop to boot: 20.99 to 16.99!

Whooa!

That is nice....

Shhh, don't tell anyone

Congratulations!

Re: Auto Amex APR Reduction

fiddycal — Wed, 03 Feb 2021 14:48:43 GMT

Thanks all!

@Credit4Growth wrote:
Whooa!
That is nice...
Shhh, don't tell anyone

Oops!

Re: Auto Amex APR Reduction

fsalsa2 — Sat, 13 Feb 2021 15:25:47 GMT

Congrats on the APR reduction!

Re: Auto Amex APR Reduction

cws-21 — Sat, 13 Feb 2021 21:16:55 GMT

Congratulations! Interestingly, I contacted AMEX yesterday about an APR reduction myself. I wasn't positive what it was, but I was pretty sure it was too high! However, the customer service representative indicated that my APR was the lowest possible (12.99%) aside from new customers receiving a temporary 0%. Unfortunately, my call to Citi did not go nearly as well.

Re: Auto Amex APR Reduction

Anonymous — Thu, 04 Mar 2021 03:45:58 GMT

Congrats!

I have about given up with AMEX - they are stingy AF with CLI's and have not dropped my APR once since 2017.

I started out with I think around an 800 limit --- clawed to 6000 --- still at 23.99%!!!

My scores are usually low 800's, high 700's at this point --- (depends on moving some stuff around with my grams balances trying to pay off her nursing home debt)

BOFA has reduced me multiple times from 23% to now 14 and some odd%, started at 1k, now at 25k.

Discover I called today about something totally unrelated - ended up being on the phone a long time and joked "gosh after all this you shoudl reduce my APR" -- she said actually you may be eligible, I can transfer you.

He offered me 0% for 12 months or permanent reduction to 12.4% from 15%. I took that. I think I started that account also around 21%.

Amex keeps trying to get me to PC to the $95 BC --- but same rate -- if i do PC , will that maybe be more likely to come down?

I dunno why they wont' budge at all.