Capital One & Chase-I think I won!

peme6040 · ‎05-30-2014

I have 4 credit cards w/ Capital One-2 of which were bought from HSBC. 2 have high APR's due to past bankcruptcy and a few lates. 2 have lower APR's. Just recently I have gotten approved for a card with a $2000 limit 0%apr til Sept 2015 on balance transfers and an APR of 17.99% after that----good for me. I like one of my Cap. One cards for the cash rewards, but the APR is 19.90%. (I cash out the rewards every once in awhile and throw that money into savings to make interest off free money). So finally I decided I would talk to Capital One and see how competitive they would be in dropping my APR so I could keep using their card. They nicely granted my wish-dropping the APR 4% for 7 months to 15.90%--beating out Chase. I feel like I won in the end-I did my Balance transfer to Chase-so hopefully I'll pay off that balance at 0% by Sept 2015 and then use my Capital One card to make my gas purchases (and keep my rewards) and I pay that balance everytime I buy my gas.

Starting Score: 645
Current Score: 713!
Goal Score: 700

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coldnmn · ‎05-30-2014

Congrats! Thanks for sharing.

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
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CreditHealthy · ‎05-30-2014

Excellent!

What's in my sock drawer? NFCU LOC 15,000] NFCU Cash Rewards 20,000][ Golden 1Platinum Rewards Card 6,600 Discover It 5,000,] {NFCU goRewards 17,500} Barclaycard 1250.00,]Cap one 750.00 ], Watering my garden for the next five years:-)
EQUIFAX 727 EXPERIAN 732 TRANSUNION 743 FICO} STARTING SCORE....554 July 2013