topic Re: Chase Debit Card in Credit Cards

Chase Credit Card

Anonymous — Thu, 05 Nov 2009 03:41:12 GMT

My APR on this Chase credit card is 10.24% and i want to try to lower that.

what can i do ?

what APR I should expect based on my credit profile if my FICO is more then 700

Thank you

Re: Chase Credit Card

wmarat — Thu, 05 Nov 2009 03:58:50 GMT

@Anonymous wrote:

My APR on this Chase credit card is 10.24% and i want to try to lower that.
what can i do ?
what APR I should expect based on my credit profile 29.99% or account closure if my FICO is more then 700
Thank you

It has been reported that customer initiated contacts with banks (BOA, Citi, Chase) often lead to APR increase, CL decrease or account closure, but YMMV.

Good luck.

Re: Chase Credit Card

andyaycw — Thu, 05 Nov 2009 04:20:28 GMT

@wmarat wrote:
@Anonymous wrote:

My APR on this Chase credit card is 10.24% and i want to try to lower that.
what can i do ?
what APR I should expect based on my credit profile 29.99% or account closure if my FICO is more then 700
Thank you
It has been reported that customer initiated contacts with banks (BOA, Citi, Chase) often lead to APR increase, CL decrease or account closure, but YMMV.

Good luck.

+1

It would be wise to keep a low profile for now. If you do not need a lower APR, then I would say do not draw unnecessary attention to your account.

My credit cards could have a 100% APR for all I care. It would not affect me since I always PIF anyway. Besides, 10.24% is not a bad APR. I do not think you will get much lower than that with the current economic climate.

Re: Chase Credit Card

mgs2010 — Thu, 05 Nov 2009 04:22:22 GMT

if your fico is that high it shouldn't matter what your interest is becuase you should be paying in full every month, anyhow. But, you can probably negotiate a lower rate. I have a chase freedom card and I got them to lower mine to 6.24%v and my FICO is only 703

Re: Chase Credit Card

MarineVietVet — Thu, 05 Nov 2009 04:30:24 GMT

@Anonymous wrote:

My APR on this Chase credit card is 10.24% and i want to try to lower that.
what can i do ?
what APR I should expect based on my credit profile if my FICO is more then 700
Thank you

Welcome to the forums.

In today's financial climate with the CC companies doing all sorts of unusual things (reducing credit limits, closing accounts, raising interest rates, etc.) my advice is to leave everything alone for awhile. A 10.24% rate is not too bad compared to many rates these days including mine. The lowest rate I have out of 7 cards is 15%. Remember that if you pay in full each month the interest rate doesn't matter.

(myfico)
7/09 TU-742 EQ- 779
8/09 TU-765 EQ- 783
9/09 EX pulled by lender 802

CC interest free as of 8/09
Time can heal all wounds and a low FICO.
"Hello my name is Sandy and I'm a recovering crediholic".

Re: Chase Credit Card

Anonymous — Thu, 05 Nov 2009 15:34:01 GMT

You can call customer service and ask for a rate decrease.

But - I agree with the general consesus here, leave it be.

Re: Chase Credit Card

Anonymous — Thu, 05 Nov 2009 18:03:21 GMT

Nonsense asking for a lower interest rate will have no effect your credit at all. By getting a lower interest rate you can pay the card off quicker, and infact the lender will often run a promotion. My Citi Diamond card I have had since 2005 has an interest rate of 6.75, my Citi Professional is 7.8, and my business card is at 8.99 because I asked for a lower rate. Prior to asking it was at 11%-15%. Chase like many lenders will offer better interest rates you need to just ask when you call them.

Take Care.

Re: Chase Credit Card

Anonymous — Thu, 05 Nov 2009 18:15:57 GMT

I had good luck with Chase up until about a year ago. I had APR lowered several times, and on my miles card they would not waive the AF because it was mandated by United, but they credited me 6,000 miles; however, the last person I spoke with at Chase told me they are no longer doing any kind of modifications at customers' request. He told me that they would still review and adjust things as needed, but that's it. I asked him what the prognosis looked like and he said to try back in a year or so and they might be able to do that stuff again. I did try to get my ratejacked card lowered before I just paid it off, but I think they are more interested in ratejacking right now, and as much as that has been going on I'm not really willing to poke that bear again right now.

Re: Chase Credit Card

score_building — Thu, 05 Nov 2009 18:44:03 GMT

CreditCardMaster wrote:
Nonsense asking for a lower interest rate will have no effect your credit at all. By getting a lower interest rate you can pay the card off quicker, and infact the lender will often run a promotion. My Citi Diamond card I have had since 2005 has an interest rate of 6.75, my Citi Professional is 7.8, and my business card is at 8.99 because I asked for a lower rate. Prior to asking it was at 11%-15%. Chase like many lenders will offer better interest rates you need to just ask when you call them.
OP - in the current climate unfortunately it is significantly less likely they'll agree to an APRD than in the past.

if you haven't yet, you may want to check to see the lowest APR they currently offer on the card you have... if you're already there, that may help you determine whether or not it is worth the risk, IIRC 10.XX is currently the lowest APR available on some of their cards. i agree that it is not a good idea to request an APRD with chase now, especially from a rate they already consider to be one of their lowest, YMMV.

Re: Chase Credit Card

MsKiwi — Thu, 05 Nov 2009 18:50:25 GMT

@Anonymous wrote:
Nonsense asking for a lower interest rate will have no effect your credit at all. By getting a lower interest rate you can pay the card off quicker, and infact the lender will often run a promotion. My Citi Diamond card I have had since 2005 has an interest rate of 6.75, my Citi Professional is 7.8, and my business card is at 8.99 because I asked for a lower rate. Prior to asking it was at 11%-15%. Chase like many lenders will offer better interest rates you need to just ask when you call them.

Take Care.

This is Chase, not Citi. Citi has been fairly stable regarding their accounts Chase hasn't been. I vote to stay put. Could be a whole lot worse than 10 ish %. If the op pif rate doesn't matter.

Re: Chase Credit Card

Anonymous — Fri, 06 Nov 2009 03:32:24 GMT

Geeze I have 2 cards with them, one is 18.24 and the other is 21.24. I would kill for %10~. I called once about my freedom card and they pretty much said, "take it or leave it". I also have an auto loan through them, and have made all payments on time for the 2 years that loan has been open. I have rebuild cards, like Merrick bank which is 15%, chase is not Prime IMO, if there is a such thing these days.

Its bad enough that our taxes have pumped capital into these joints, they have to RJ us into oblivion, and they still can't keep their doors open.

Re: Chase Credit Card

Itsmeagain — Fri, 06 Nov 2009 11:59:27 GMT

Don't know about requesting an APR decrease but I've had 2 APR decreases (without asking), since I opened the Freedom card about 15 mo. ago.

However, I did recently request a CLI on my Sapphire card and was granted a 100% increase - (5K to 10K).

Chase . . . . Go figger . . . .

Re: Chase Credit Card

Anonymous — Fri, 06 Nov 2009 14:30:30 GMT

10.24% is actually quite low for Chase these days. Many have much higher rates even with long histories and perfect accounts. Mine is 29.99%, although it is a former WAMU account.

Very few banks are offering below 10% these days. PenFed doesn't offer lower than 12.5%. Many other CU's are at 9.9% and higher. So IMO you have a reasonable rate and are not likely to get anything lower from that CCC.

Re: Chase Credit Card

Anonymous — Fri, 06 Nov 2009 14:56:41 GMT

@Anonymous wrote:
...chase is not Prime IMO

Oh really? That's funny, I'm not paying any monthly maintenance fees, ridiculous annual fees, and my credit limit is decent.

Re: Chase Credit Card

wmarat — Fri, 06 Nov 2009 15:40:20 GMT

@Anonymous wrote:
@Anonymous wrote:
...chase is not Prime IMO
Oh really? That's funny, I'm not paying any monthly maintenance fees, ridiculous annual fees please be patient, AF is coming, and my credit limit is decent do not know what you consider decent CL, but Chase is my lowest CL and only one without CLI for almost 3 years.

Chase is not prime.

Re: Chase Credit Card

Anonymous — Fri, 06 Nov 2009 16:41:51 GMT

@wmarat wrote:
@Anonymous wrote:
@Anonymous wrote:
...chase is not Prime IMO
Oh really? That's funny, I'm not paying any monthly maintenance fees, ridiculous annual fees please be patient, AF is coming, and my credit limit is decent do not know what you consider decent CL, but Chase is my lowest CL and only one without CLI for almost 3 years.
Chase is not prime.

I just applied and was approved (upon recon) for a Chase Slate ($1500 CL). I thought I was getting something good!

Re: Chase Credit Card

score_building — Fri, 06 Nov 2009 17:01:43 GMT

@Anonymous wrote:
I just applied and was approved (upon recon) for a Chase Slate ($1500 CL). I thought I was getting something good!
like many issuers Chase appears to service both prime and non prime accts and has been widely viewed as a prime issuer historically afaik.

you got a great approval on one of their new products. big banks are doing some scary things that can make them look very subprime. treat the account well and hope for the best. many of us have cu, and/or small or regional bank cc as back up or primary cc since big banks at times may not fulfill our expectations.

Re: Chase Debit Card

JustWill — Fri, 06 Nov 2009 19:13:53 GMT

On a somewhat related note, when I was making a deposit yesterday I was told that I needed to replace my WaMu debit card and was offered 3 different rewards debit cards with AFs. Needless to say, I'm stepping up my credit union search...

Re: Chase Credit Card

Anonymous — Fri, 06 Nov 2009 19:57:07 GMT

Thank you all

so i guess that my APR is ok

Thanks again

Re: Chase Credit Card

wmarat — Fri, 06 Nov 2009 22:40:10 GMT

@score_building wrote:
@Anonymous wrote:
I just applied and was approved (upon recon) for a Chase Slate ($1500 CL). I thought I was getting something good!
like many issuers Chase appears to service both prime and non prime accts and has been widely viewed as a prime issuer historically afaik.

you got a great approval on one of their new products. big banks are doing some scary things that can make them look very subprime. treat the account well and hope for the best. many of us have cu, and/or small or regional bank cc as back up or primary cc since big banks at times may not fulfill our expectations.

+1000000