topic CC apr reduction. in General Credit Topics

CC apr reduction.

bettercreditguy1 — Tue, 23 Oct 2012 01:28:19 GMT

I received a notice from Discover today. It says : " Effective 9 of 2012, your apr has been lowered to prime plus 7.74%, current rate 10.99% apr on purchases. Please remember if you are late, your rates may increase according to your lending agreement." I always PIf, however, it's is kinda nice getting farther away from the high interest rates.

Re: CC apr reduction.

laz98 — Tue, 23 Oct 2012 01:35:27 GMT

Great news!

Re: CC apr reduction.

wallyworld123 — Tue, 23 Oct 2012 01:36:36 GMT

thats gr8 good for you

Re: CC apr reduction.

Epcot — Tue, 23 Oct 2012 02:24:01 GMT

Wow, I wish I would get a reduction, congrats!

Re: CC apr reduction.

Anonymous — Tue, 23 Oct 2012 18:23:16 GMT

I got the same letter taking me down from 16.99% to 15.99%. I use Discover only for things I am going to PIF that month and most of that on the rotating 5% bonuses. Your right it does feel good to get some reduction but I have two cards NFCU and USAA) which are under 10% so they are my go to cards when I need to carry a balance. Only other exception is 0% BT offers. I move things over to NFCU as these offers expire.

Re: CC apr reduction.

bettercreditguy1 — Tue, 23 Oct 2012 21:51:28 GMT

I'm with You!. I do not ever run a balance, but, to think if I made a mistake it would be 24.99% or so is just horrible!. I also have my Prime/GO
TO cards which are under 10%. However, still waiting for my Chase Card to drop as well.