topic Re: lowest vs. highest regular purchase APR in Credit Cards

lowest vs. highest regular purchase APR

score_building — Thu, 10 Sep 2009 19:24:58 GMT

chase (formerly wamu) 5.24

cap1 (RJ from 11.99) 17.99

Re: lowest vs. highest regular purchase APR

pattycake — Thu, 10 Sep 2009 19:47:57 GMT

UFCU - 6.9%

Merrick Bank - 23.99% (almost never use, always PIF)

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 19:58:23 GMT

NFCU Platinum MC... 7.9%

Discover More.......... 10.24%

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 20:03:38 GMT

Direct Merchants Bank = 6.99%F (Promo Purchase)

Citi DP = 6.99%V

Direct Merchants Bank = 27,99%V (Regular Purchase)

Providian WaMu Chase = 31.99%V (ROTFL)

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 20:05:30 GMT

@Anonymous wrote:
NFCU Platinum MC... 7.9%

Discover More.......... 10.24%

This is your highest? You lead a charmed life!

(My Discover is 9.99%V.)

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 20:09:55 GMT

@Anonymous wrote:
@Anonymous wrote:
NFCU Platinum MC... 7.9%

Discover More.......... 10.24%

This is your highest? You lead a charmed life!

(My Discover is 9.99%V.)

Yes.

I did not apply in time to get the 9.99% APR....but is does have a 25k CL which is nice.

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 20:14:32 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
NFCU Platinum MC... 7.9%

Discover More.......... 10.24%

This is your highest? You lead a charmed life!

(My Discover is 9.99%V.)
Yes.

I did not apply in time to get the 9.99% APR....but is does have a 25k CL which is nice.

$25K is very nice. Good thing you were in there in time for that. That's a no go now.

I was "in time" for an approval at 11.99%. They auto-lowered mine to 9,99% when I came off the intro rate.

Re: lowest vs. highest regular purchase APR

smallfry — Thu, 10 Sep 2009 20:26:22 GMT

6.74 Citi 13.24 Chase.

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 21:15:58 GMT

Lowest = Discover More @ 4.99 Var

Highest = Chase @ 17.24 Var (recent RJ from 8.99 Fixed)

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 21:21:50 GMT

@Anonymous wrote:
@Lowest = Discover More @ 4.99 Var

This is amazing!

@Highest = Chase @ 17.24 Var (recent RJ from 8.99 Fixed)

I would love it if Chase changed me to this! LOL!

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 21:33:59 GMT

@Anonymous wrote:
@Anonymous wrote:
@Lowest = Discover More @ 4.99 Var
This is amazing!

----------------------------------

Don't be too amazed, CWCID...It's not going to last much longer.

Just got the ratejack notice the other day, it's going to 12.something % in November. The explicit reason they gave on the written notice was the new federal regs.

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 21:38:39 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Lowest = Discover More @ 4.99 Var
This is amazing!
----------------------------------

Don't be too amazed, CWCID...It's not going to last much longer.

Just got the ratejack notice the other day, it's going to 12.something % in November. The explicit reason they gave on the written notice was the new federal regs.

A pretty lame reason if you ask me. Particularly when they are doling out new accounts at 11.99%. Were I you I would be making a call.

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 21:46:49 GMT

Maybe a lame reason, but an honest one, at least.

It beats the heck out of the Chase explanations some folks have posted here, such as the catch-all "something in your Experian credit report".

I usually PIF anyways, so it doesn't bug me all that much.

I won't rock the boat now, and just drift along 'til the seas are calmer.

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 21:50:13 GMT

I question everything.

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 21:52:26 GMT

For me:

Citi Diamond: 8.25%

Citi Dividend: 13.24%

LOL I never noticed that Citi is both my highest and lowest!

Almost all others are between 10 and 13%

Re: lowest vs. highest regular purchase APR

Anonymous — Thu, 10 Sep 2009 21:58:38 GMT

@CWCID:

I know you do, and normally, I would too. But these are not normal times, and I'd prefer to save my fight for later on, when my opponents are fewer and farther between.

I expect that all the CC companies are getting calls by the tens of thousands every day. I'll skip the scripted responses for now, and wait for the time when they're not anticipating my call, and my request can stand on its own merits.

Just my preferred style for this place and time.

Message Edited by Uborrow-Upay on 09-10-2009 05:58 PM

Re: lowest vs. highest regular purchase APR

Anonymous — Fri, 11 Sep 2009 00:48:23 GMT

Believe it or not most people are either ignorant of what is happening to them or just go along like sheep. How many of those "Change in Terms" notices that are mailed out do you think are tossed and the effects noticed long after it is too late to do anything about it, if ever. I ask early and ofter - but the statement always ends with a "?". If you ask early enough and often enough eventually someone will cave in. It is my firm belief that all AA must be questioned! Otherwise you are playing their game.

Re: lowest vs. highest regular purchase APR

score_building — Fri, 11 Sep 2009 01:15:51 GMT

creditwherecreditisdue wrote:
Believe it or not most people are either ignorant of what is happening to them or just go along like sheep. How many of those "Change in Terms" notices that are mailed out do you think are tossed and the effects noticed long after it is too late to do anything about it, if ever. I ask early and ofter - but the statement always ends with a "?". If you ask early enough and often enough eventually someone will cave in. It is my firm belief that all AA must be questioned! Otherwise you are playing their game.

i find your approach at once instructive and compelling but not mutually exclusive from PP because i agree with him too -it can also pay to pick your battles- time, energy, and utility all being considered... as a PIF customer it may simply not be worth inquiring on the APR issue for Uborrow every time there's a few point increase.

a family member, the director of litigation for an international public service org had no idea citi had jacked him recently and would have continued to pay 19.99 since he carried a balance on that card if i hadn't spotted it for him...MANY people across socio eco boundaries are not paying attn. either 'too busy' or disaffected, all kinds of reasons.

Message Edited by score_building on 09-10-2009 06:15 PM

Re: lowest vs. highest regular purchase APR

Anonymous — Fri, 11 Sep 2009 01:38:28 GMT

Ameriprise: 4.5%.

Chase: 13.24%

Re: lowest vs. highest regular purchase APR

Anonymous — Fri, 11 Sep 2009 01:59:18 GMT

@score_building wrote:
@Anonymous wrote:
Believe it or not most people are either ignorant of what is happening to them or just go along like sheep. How many of those "Change in Terms" notices that are mailed out do you think are tossed and the effects noticed long after it is too late to do anything about it, if ever. I ask early and ofter - but the statement always ends with a "?". If you ask early enough and often enough eventually someone will cave in. It is my firm belief that all AA must be questioned! Otherwise you are playing their game.
i find your approach at once instructive and compelling but not mutually exclusive from PP because i agree with him too -it can also pay to pick your battles- time, energy, and utility all being considered... as a PIF customer it may simply not be worth inquiring on the APR issue for Uborrow every time there's a few point increase.

a family member, the director of litigation for an international public service org had no idea citi had jacked him recently and would have continued to pay 19.99 since he carried a balance on that card if i hadn't spotted it for him...MANY people across socio eco boundaries are not paying attn. either 'too busy' or disaffected, all kinds of reasons.

Amounts to more of a "lean" on my part than a "shove". It's a war of attrition and I don't plan on losing. Also, where my APR issues exist they are large ones. Note DMB on my list - it is one of the highest and one of the lowest at the same time. (I have those 6.99% rates specifically because I made an effort to go after them.) I even "thanked" HSBC for their largess this summer by letting them make about $3 in finance charges of me. Hopefully that was enough for them to deem me worthy of my next promo rate!

I think the banks are fully aware that many folks are not tuned in to these terms changes. They are using an "it's the economy" excuse to make a few bucks. It's all in The Plan!