topic Re: Discover APR reduction... in Credit Cards

Discover APR reduction...

RockinRay — Sat, 04 Aug 2012 20:39:41 GMT

I called Discover this to ask about a rate reduction.

My current APR was 19.99%. They lowered it to 16.24%.

Just wondering if this is a good rate for Discover? What kind of rates do other forum members have?

Re: Discover APR reduction...

Scuba — Sat, 04 Aug 2012 15:31:12 GMT

Mine is 19.99 and I would be happy with what you got. I bet you got your card sometime in the last 16 months?

People who got their cards before the crunch I bet have lower rates Discover wish they could get rid of. Accounts opened more recently seem to be at rates closer to ours, I think.

Re: Discover APR reduction...

RockinRay — Sat, 04 Aug 2012 15:33:40 GMT

@Scuba wrote:
Mine is 19.99 and I would be happy with what you got. I bet you got your card sometime in the last 16 months?

People who got their cards before the crunch I bet have lower rates Discover wish they could get rid of. Accounts opened more recently seem to be at rates closer to ours, I think.

Yes, it is just at 18 months now...

Re: Discover APR reduction...

marty56 — Sat, 04 Aug 2012 15:46:35 GMT

When I was in a DMP program, Discover was the only CCC who wouldn't reduce my APR. Even BofA did that for me. LOL I wouldn't even get the Sams branded Discover card.

Re: Discover APR reduction...

gettnthere — Sat, 04 Aug 2012 15:56:38 GMT

i dont have a DISCOVER card YET, its on my list of cards to get lol but they have sent me 2 pre-approved offers for the discover more card wth a specific 14.99% APR. it kind of threw me off at first b/c i get pre-approval offers alot but DISCOVER is the only one who has ever sent me a pre-approval specific APR.

Re: Discover APR reduction...

trumpet-205 — Sat, 04 Aug 2012 16:04:22 GMT

I just got my Discover card and it is 14.99% for APR.

Re: Discover APR reduction...

Anonymous — Sat, 04 Aug 2012 16:19:34 GMT

I have a 16.99% variable APR on my Discover More which is 4.5 years old but I PIF. I believe I started out with some kind of promotional rate that was less than that until the credit crunch.

Re: Discover APR reduction...

RockinRay — Sat, 04 Aug 2012 20:40:27 GMT

She offered me 3.9% for a year but I declined that telling her I never carry a balance.

The lower rate is fine and learning of the 14.99% here gives me a goal to achieve!

Re: Discover APR reduction...

CS800 — Sat, 04 Aug 2012 16:29:44 GMT

Mine is at 19.99 too, i assume there was no HP or SP to get the APR lowered?

Re: Discover APR reduction...

Anonymous — Sat, 04 Aug 2012 17:11:14 GMT

Every 6 months you can call in and they offer a choice between a low 0%-3% promo rate for 6 mo or a permanent APR reduction.

Re: Discover APR reduction...

Anonymous — Sat, 04 Aug 2012 17:16:17 GMT

@ marty56,

"Nobody knows you when you're down and out" Jimmy Cox, 1923

Re: Discover APR reduction...

RockinRay — Sat, 04 Aug 2012 17:23:12 GMT

@CS800 wrote:
Mine is at 19.99 too, i assume there was no HP or SP to get the APR lowered?

Nope - just an account review...

Re: Discover APR reduction...

Anonymous — Sat, 04 Aug 2012 18:22:56 GMT

My APR is 10.99%.

I'll call one of these weeks to see if they'll lower it.

Re: Discover APR reduction...

Middleswarth — Sat, 04 Aug 2012 18:34:47 GMT

3.99% for the first 6 months then it goes to 22.9%. That's okay though because they will never get a penny of interest from me. PIF every month.

Re: Discover APR reduction...

MarineVietVet — Sat, 04 Aug 2012 18:43:20 GMT

@RockinRay wrote:
I called Discover this to ask about a rate redution.

My current APR was 19.99%. They lowered **bleep** to 16.24%.

Just wondering if this si a good rate for Discover? What kind of rates do other forum mmbers have?

MIne is at 9.99%. (Why don't they just make it an even 10%????)

Re: Discover APR reduction...

Anonymous — Sat, 04 Aug 2012 19:01:59 GMT

0% on purchases for 15 months, 9.9% on balance transfer for 18 mos, 18.99% thereafter...will ask that it remain at 9.99% after the promotional period.

Re: Discover APR reduction...

mxp114 — Sat, 04 Aug 2012 19:09:36 GMT

I think my go to rate is 14.99%, currently on a 0% for 15 months offer. They won't review it for reduction until after the promotional APR expires.

Re: Discover APR reduction...

asteroidblues86 — Sat, 04 Aug 2012 19:41:31 GMT

@RockinRay wrote:
What kind of rates do other forum mmbers have?

I've been a cardmember since '08 and my APR is 17.24%. I always PIF.

Re: Discover APR reduction...

Smug — Sat, 04 Aug 2012 20:01:27 GMT

My 3.99 APR just ran out

Re: Discover APR reduction...

RockinRay — Sat, 04 Aug 2012 20:42:09 GMT

@MarineVietVet wrote:
@RockinRay wrote:
I called Discover this to ask about a rate redution.

My current APR was 19.99%. They lowered **bleep** to 16.24%.

Just wondering if this si a good rate for Discover? What kind of rates do other forum mmbers have?
MIne is at 9.99%. (Why don't they just make it an even 10%????)

LOL - the same game as they play with gasoline... $3.4999999999 sounds much better than $3.50! Makes me think I am getting a deal...