AMEX APR Reduction?

Anonymous · ‎03-22-2013

Is it possible to call CS to have my AMEX BCE APR (variable 15.25%) reduced?

Do they automatically reduce it?

Not that I need to carry a balance and have a promotional 0% APR until December 2013.

I've only had the card for 4 months, initial CL $2000 (now $6000 after 61 days).

Anonymous · ‎03-22-2013

I got my BCE reduced from 19.24% (opened 2 years ago) to 16.24% after 1 year. Called again this week got it down to 13.24%. Took about a minute on the phone.

youngandcreditwrthy · ‎03-22-2013

Will they reduce it before the 0% ends?!

Anonymous · ‎03-22-2013

My guess is no. Only 4 months is to early for APR reduction I'd wait at least 9 months if not a year

crunching_numbers · ‎03-22-2013

@Anonymous wrote:
Is it possible to call CS to have my AMEX BCE APR (variable 15.25%) reduced?
Do they automatically reduce it?
Not that I need to carry a balance and have a promotional 0% APR until December 2013.

I've only had the card for 4 months, initial CL $2000 (now $6000 after 61 days).

Sometimes they automatically reduce it. I have had Blue for many years, and transitioned from regular Blue to BCP. Out of the blue (no pun intended ) they decreased my APR from 14.24% to 12.99% on 2/15/2013.

Starting Score: 693 TU FICO, 679 EQ FICO
Current Score: FICO 8 = 844(9/15) EQ, 827 TU, 811 EX (7/15); mortgage FICO= 758 (9/15)EQ5, 797 TU4, 748 EX2 (7/15)
Goal Score: 750+, but shooting for the 800's
Hyatt Visa Sig ($23K), Amex BCP (24.8K), BofA Travel Rew Sig (22.5K), B&N World MC (22.3K), Amex RP Gold (NPSL w/ S&T), Cash+ Sig (20K),United Mil+ExpSig (16.3K), FNBO Visa (13.1K), Hilton Surpass (10K), Freedom Visa Sig (8.6K), Disc It (16.4K), Citi Dia Pref MC (3.7K),Sam's MC (10K), Wally (7.5K), JCP(5.3K), Costco (2K)

Anonymous · ‎03-22-2013

@youngandcreditwrthy wrote:
Will they reduce it before the 0% ends?!

I would wait. There really is no point since you have 0% anyways. Let the account build some history and call in when the promo ends. That way you have a reason to ask for a lower APR.

Kozmo · ‎03-23-2013

They lowered mine by 1% just by writing a letter. Still a tad High at 15.9% for blue but it'll go down as I pay down this balance