topic Re: APR reduction from Discover in Credit Cards

APR reduction from Discover

Anonymous — Thu, 03 Jan 2013 16:52:31 GMT

I am loving my Discover more and more everyday, pun intended. In a year I have gone from a $1k limit to $5,700, they gave me a promotional rate on my anniversary for 7.99% APR for a year and now I get a secured message that they have permanently reduced my APR from 22.99% to 16.99% exclusive of any promotional rate. Woohoo!!

Re: APR reduction from Discover

sdoonan — Thu, 03 Jan 2013 17:01:30 GMT

Congrats! The last time I tried that, it was either 18.49% APR permanently or 1.9% for 6 months. -__-

Re: APR reduction from Discover

Anonymous — Thu, 03 Jan 2013 17:10:04 GMT

I got a similar offer when I was speaking to an account manager.

Timeline

When I got my CLI on the phone at the end of November I asked about an APR reduction, the Account Exec said they would mail me the form.

Mid December I received the form and mailed it back in around the 20th or so snail mail.

On the 21st I called to discuss a payment question and mentioned that I was looking for an APR reduction and the gentlemen said that I just hit my 1 year and could offer me 7.99% for 1 year or 20.99% permanent. I took the 7.99% of course.

Today, I guess they received the written request, which goes to a particular group and got the 16.99% and keep the 7.99% for 1 year (called to confirm and thank them).

You could ask them to mail you the written request.

Re: APR reduction from Discover

sdoonan — Thu, 03 Jan 2013 17:26:17 GMT

Just got off the line with Discover's Online Chat. They cut my APR to Prime + 12.99% (16.24%) on all purchases starting on my next statement.

Re: APR reduction from Discover

Anonymous — Thu, 03 Jan 2013 17:27:21 GMT

Congrats! Feels good to get the love from Discover.