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Barclays Sallie Mae dropped my APR from 13.99 to 9.99

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Valued Contributor

Barclays Sallie Mae dropped my APR from 13.99 to 9.99

I mentioned in another thread but I have only had them for about 5 months but call the backdoor listed here and
asked if I could get my rate lowered. 13.99 is their lowest advertised rate for the SM card but I saw
someone got it lowered to 12.99 so I though what the heck.

 

After 3 tranfers that lady checked what offers there were and to my SURPRISE there was an offer to drop my APR down
4 point! and another for a SP CLI from 6k (org CL) to  8500.

 

I took them both and she said call back in 4 months (not 6..) to see what other offers there might be.

 

Spread the word

 

*Edit* a few ppl asked me which # I called and when.

Barclays: 866-205-5973 (credit analyst 24 hours)

I called around 12:34 noon EST and got transferred 3 times.

All 3 780's
All Chp7, Judgements , CO's now legally clean from scores low 600's just using this forum
Chase Amzn 8.5k , Citi BB 5k, Citi Gdyr 5K, Amzn Store 12k, SallieMae 12k Amex BCE 36k , PenFed Promise 50k +15k PLOC, NFCU Plat 48k, NFCU Rewards 15k, CareCredit 25k
Message 1 of 23
22 REPLIES 22
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Valued Contributor

Re: Barclays Sallie Mae dropped my APR from 13.99 to 9.99

Congrats!  Smiley Happy

Message 2 of 23
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Super Contributor

Re: Barclays Sallie Mae dropped my APR from 13.99 to 9.99

Excellent!


Daily Drivers: Penfed Platinum Rewards; NFCU GoRewards; Discover..
Message 3 of 23
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Valued Contributor

Re: Barclays Sallie Mae dropped my APR from 13.99 to 9.99

I had a similar experience with Barclays recently. On Sunday I got my Apple Rewards APR lowered 4 percent and a $950 CLI. I've only had the card since late April. The 5th statement hasn't even generated yet. 


Message 4 of 23
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Senior Contributor

Re: Barclays Sallie Mae dropped my APR from 13.99 to 9.99

Wow! Great info. I haven't tried the backdoor CLI trick because my card is at the 13.99 rate. This is good stuff!

Message 5 of 23
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Valued Contributor

Re: Barclays Sallie Mae dropped my APR from 13.99 to 9.99


@CAPTOOL wrote:

Wow! Great info. I haven't tried the backdoor CLI trick because my card is at the 13.99 rate. This is good stuff.

 

 

 

reply.

 

Yes. Strange you can lower your APR lower than their lowest advertised rate..

This deserves alot of research....i Know ppl have success with Citi in this area too
but the first I heard about it with Barclays (SM)

 

All 3 780's
All Chp7, Judgements , CO's now legally clean from scores low 600's just using this forum
Chase Amzn 8.5k , Citi BB 5k, Citi Gdyr 5K, Amzn Store 12k, SallieMae 12k Amex BCE 36k , PenFed Promise 50k +15k PLOC, NFCU Plat 48k, NFCU Rewards 15k, CareCredit 25k
Message 6 of 23
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Valued Contributor

Re: Barclays Sallie Mae dropped my APR from 13.99 to 9.99

Woah, I just tried the APR reduction trick and not only did I get my APR reduced to 9.99% but I also got a $4K CLI!


Message 7 of 23
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Contributor

Re: Barclays Sallie Mae dropped my APR from 13.99 to 9.99

Congrats !! Thanks for the info . I opened a SM card couple of months back with 13.99% APR . I thought they will not go below that . Seeing many people have reduced the APR's below this rate , i will call them  once my card ages to 5 months .

BOA BBR1-9500;BOA BBR2-11000;Amex BCE-29000;Chase Freedom-9000;Chase Slate-6000;Discover-36100;SallieMae - 10000;
Message 8 of 23
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Valued Contributor

Re: Barclays Sallie Mae dropped my APR from 13.99 to 9.99

Congrats, I think I was the one who got the APR down to 12.99%, I will be calling in a few months to get that down to 9.99% or more! 

Message 9 of 23
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Senior Contributor

Re: Barclays Sallie Mae dropped my APR from 13.99 to 9.99


@thelethargicage wrote:

Woah, I just tried the APR reduction trick and not only did I get my APR reduced to 9.99% but I also got a $4K CLI!


My 6th statement cuts tomorrow. If I don't get some CLI action, I think I'll try this.

Message 10 of 23
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