topic Re: NFCU CC APR Decrease in Credit Cards

NFCU CC APR Decrease

Brusilov — Wed, 18 Apr 2012 01:30:59 GMT

I was trolling around the FAQs on NFCU's site and noticed they once per year (12 months from either your last rate decrease or every 12 months since you've opened the account) you're able to request an APR decrease on your CCs. Just wanted to give you guys a heads up in case you didn't know about it. I just sent them a request via secure message myself and got a small % decrease. Every little bit helps.

Re: NFCU CC APR Decrease

Datx — Wed, 18 Apr 2012 01:53:34 GMT

I actually heard of this before, but just never really followed through with it. But I went ahead and sent a message after seeing your thread. Thanks!

Re: NFCU CC APR Decrease

pizzadude — Wed, 18 Apr 2012 02:57:37 GMT

@vonmannstein wrote:
I was trolling around the FAQs on NFCU's site and noticed they once per year (12 months from either your last rate decrease or every 12 months since you've opened the account) you're able to request an APR decrease on your CCs. Just wanted to give you guys a heads up in case you didn't know about it. I just sent them a request via secure message myself and got a small % decrease. Every little bit helps.

Very nice !! What was your old rate and how much did they lower it ?

Re: NFCU CC APR Decrease

TATATA — Wed, 18 Apr 2012 04:33:48 GMT

Good to know. Thank you for the info.

Re: NFCU CC APR Decrease

Brusilov — Wed, 18 Apr 2012 12:36:48 GMT

@pizzadude wrote:
@vonmannstein wrote:
I was trolling around the FAQs on NFCU's site and noticed they once per year (12 months from either your last rate decrease or every 12 months since you've opened the account) you're able to request an APR decrease on your CCs. Just wanted to give you guys a heads up in case you didn't know about it. I just sent them a request via secure message myself and got a small % decrease. Every little bit helps.

Very nice !! What was your old rate and how much did they lower it ?

My APR was pretty high to begin with....(16.65%) and they lowered it .5 to 16.15%. I'm hoping I'll be in the 700s territory when the next request goes through and it'll maybe be a chunk lower.

Re: NFCU CC APR Decrease

Brusilov — Wed, 18 Apr 2012 12:38:40 GMT

EDIT: This is for the CashRewards card btw. I'm not actually sure what my current FICO is (the scores below are pretty out of date) but I'd guess in the 660-675 range.

Re: NFCU CC APR Decrease

Anonymous — Wed, 18 Apr 2012 13:08:23 GMT

Wow, thanks for the info! Sent them a secure message at 0900, they responded at 0907 :-)

Subject: APR Reduction

Navy Federal Response 04/18/2012 : Upon review, we determined that you are currently eligible for a 11.99% Annual Percentage Rate (APR) on your Platinum Visa account. We have applied this rate to your credit card account, effective immediately. Please be aware that the new APR is not immediately seen via Navy Federal Online Account Access, even though the new rate applies. Your next credit card statement will close on 26 April, so the new APR should appear online after that date. If we can be of any further assistance, please let us know.

Your Message 04/18/2012 : good morning,
I was recently informed by a couple other NFCU members that credit card holders are/may be eligible for an APR reduction each year. I have yet to request this even though I have had the card for a couple of years, and would like to request it at this time.

Re: NFCU CC APR Decrease

TATATA — Wed, 18 Apr 2012 15:28:37 GMT

If you don't mind me asking, what is your FICO score and also what was your previous APR?

Re: NFCU CC APR Decrease

webhopper — Wed, 18 Apr 2012 16:01:23 GMT

@vonmannstein wrote:
I was trolling around the FAQs on NFCU's site and noticed they once per year (12 months from either your last rate decrease or every 12 months since you've opened the account) you're able to request an APR decrease on your CCs. Just wanted to give you guys a heads up in case you didn't know about it. I just sent them a request via secure message myself and got a small % decrease. Every little bit helps.

Thats great to know!

Re: NFCU CC APR Decrease

Anonymous — Wed, 18 Apr 2012 16:04:40 GMT

Previous APR was 12.9%.

FICO score didn't play a factor, it was not a hard or soft pull, just an NFCU account review.

Re: NFCU CC APR Decrease

webhopper — Wed, 18 Apr 2012 17:47:15 GMT

@Anonymous wrote:
Previous APR was 12.9%.

FICO score didn't play a factor, it was not a hard or soft pull, just an NFCU account review.

That's awesome.. congrats... Its good to know that they can decrease it over time until you hit the bottom tier. NFCU is already my lowest APR card, and so i'm looking forward to that APR continuing to drop...