topic Re: Discover More auto APR decrease in Credit Cards

Discover More auto APR decrease

Anonymous — Sat, 20 Oct 2012 16:05:25 GMT

I have had my Discover a few years now. I have been using it pretty heavily the last couple months. The first year and a half or so the APR was 22% or something ridiculous like that. In the past year I have successfully called twice to get a CL increase and APR decrease (soft pulls). I was at 14.24% last month, but when I checked my October statement it was 12.24%. I don't plan on carrying a balance anytime soon but it's cool they did that automatically. Now if they would just give an auto CLI along with it...

Re: Discover More auto APR decrease

youngandcreditwrthy — Sat, 20 Oct 2012 16:11:56 GMT

Congrats!!! This makes me happy to have just gotten a Discover!!! I remember before the financial crisis when you could easily get a 9.24% rate on credit cards lol... I hope those lower fixed rates come back in the future! Haha :-)

Re: Discover More auto APR decrease

flowfaster — Sat, 20 Oct 2012 17:21:50 GMT

HAHA I just checked mine and I seem to have gotten an auto decrease as well. I was at 17.99 and as of today it is 14.24.

Re: Discover More auto APR decrease

migliogiorni — Sat, 20 Oct 2012 17:50:53 GMT

congrats I too remember the days when you could easily get an 0% CC.

Re: Discover More auto APR decrease

Anonymous — Sat, 20 Oct 2012 18:51:22 GMT

Just checked my discover apr after seeing this thread. Down from 14.99 to 12.99. I don't carry balances but its still nice

Re: Discover More auto APR decrease

andre181 — Sat, 20 Oct 2012 19:35:56 GMT

@flowfaster wrote:
HAHA I just checked mine and I seem to have gotten an auto decrease as well. I was at 17.99 and as of today it is 14.24.

Same happened for me last month, 17.99 to 14.24.

Re: Discover More auto APR decrease

crunching_numbers — Sat, 20 Oct 2012 21:13:40 GMT

I currently have a 0% offer active on purchases, so they told me they can't change anything until after the promo is over in June 2013. They started my card high at 18.99% but I am sure they will lower it after June. I hope.

Re: Discover More auto APR decrease

Anonymous — Sat, 20 Oct 2012 23:04:06 GMT

Mine dropped on the last statemenet from 16.24 to 14.24.

Re: Discover More auto APR decrease

asteroidblues86 — Sat, 20 Oct 2012 23:22:52 GMT

My More card is 17.24% V. It's never gone down but I always PIF.

Re: Discover More auto APR decrease

LS2982 — Sun, 21 Oct 2012 00:23:49 GMT

Congrats to all who got decreases!!!

I would love some discover luv.......i'm on their naughty list

Re: Discover More auto APR decrease

crunching_numbers — Sun, 21 Oct 2012 08:25:44 GMT

LS! What did you do to Discover to get on the naughty list?

Re: Discover More auto APR decrease

JonStur — Sun, 21 Oct 2012 13:34:10 GMT

Makes me want to go online and check my statements also.. Even though I pay in full every month so I guess it really doesn't matter. Many carry a balance with the department store cashback rewards though.

Re: Discover More auto APR decrease

Anonymous — Sun, 21 Oct 2012 15:17:18 GMT

I just got an auto CLI, but I won't be able to check if there's a change in APR until the next statement cuts. It would be nice, because I have the worst APR they offer: 22.9%. It doesn't matter, because I always PIF on this card, but I'd like to see some progress that reflects my improved credit situation.

Re: Discover More auto APR decrease

mxp114 — Sun, 21 Oct 2012 15:25:27 GMT

You can check your current APR in real-time by checking balance transfer offers, which will reveal your current APR. My APR also went down 4% but still too high.

Re: Discover More auto APR decrease

Anonymous — Sun, 21 Oct 2012 15:28:53 GMT

@mxp114 wrote:
You can check your current APR in real-time by checking balance transfer offers, which will reveal your current APR. My APR also went down 4% but still too high.

Thanks for the tip. Mine is still 22.9%. I guess they are still skittish for some reason. Oh, well.

Re: Discover More auto APR decrease

Jazzzy — Sun, 21 Oct 2012 17:55:11 GMT

We never carry a balance, so it doesn't matter...but it IS frustrating. Just got an online CLI to $14,000k. Been a cardholder since the 80's. Interest rate 20.99%.

They are not very good at rewarding long-time successful cardholders. They called us once to ask why we don't use the card more. I had all I could do to not say "duh".

Re: Discover More auto APR decrease

Anonymous — Sun, 21 Oct 2012 18:54:02 GMT

Just checked mine and it is now 14.9%. It used to be 22.9% last I looked.