AMEX for APR Reduction (Offer Declined)

[Isacking97]

Just to show you guy my recent attend to reduce my APR with American Express

They also told me that because I been a customer for over 3 years, they added a notation in my account for a lower APR when available 

[Anonymous]

Yeah, they've been a bit stingy with the reductions for awhile now.  Just keep bugging them and something better eventually pops up.

[Anonymous]

It’s so lame that they consider that a promo... it’s like when Cap used to give me 4% reductions for 7 months... like that was going to make a big difference on a 24+% card.

[kdm31091]

Unfortunately they aren’t generous with reductions anymore. It is what it is. Disappointing but it’s the norm with them now. No permanent reductions and often limited promos.

[NRB525]

Now, as a comparison, if you have a charge over $100, what is the effective Plan It rate, for that charge on the same card? My experience is the Plan It effective APR is better than these “promo” rates.

I do have a 8% APR offer I accepted for my Delta Reserve, the 12-month term runs out in August I think, but I never used it for carrying any balances because so little gets charged to that card.

[longtimelurker]

They just offered me 1.99% for nine months on a card I haven't used for a while....

[Anonymous]

Makes me curious if you'll get better success at lower APRs if ypou PIF, or barely use the card? 

If you already carry a balance then there is no incentive for them to permantly lower it, or give good promo rate. 

I believe if you wait for them to come to you, the rate has a chance of being more in your favor. 

Chase for example has never offered me a BT, until just recently they mailed check to cash @ 0% through 8/2020.

Citi and Discover are always mailing checks, with varying offers from 0%, .99 % and 4.99% for 12 months. 

Amex is the only one that doesn't, unless it was on a new App.

[Isacking97]

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@Anonymous wrote:

Makes me curious if you'll get better success at lower APRs if ypou PIF, or barely use the card? 

If you already carry a balance then there is no incentive for them to permantly lower it, or give good promo rate. 

I believe if you wait for them to come to you, the rate has a chance of being more in your favor. 

Chase for example has never offered me a BT, until just recently they mailed check to cash @ 0% through 8/2020.

Citi and Discover are always mailing checks, with varying offers from 0%, .99 % and 4.99% for 12 months. 

Amex is the only one that doesn't, unless it was on a new App.

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They sometimes offer me a lower APR when I don't pay my balance in full 

[Anonymous]

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@Anonymous wrote:

Makes me curious if you'll get better success at lower APRs if ypou PIF, or barely use the card? 

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Nope... I PIF every month and it's still a couple of points for 12 months offers coming through. 

[LunaBuna]

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@Anonymous wrote:

Makes me curious if you'll get better success at lower APRs if ypou PIF, or barely use the card? 

If you already carry a balance then there is no incentive for them to permantly lower it, or give good promo rate. 

I believe if you wait for them to come to you, the rate has a chance of being more in your favor. 

Chase for example has never offered me a BT, until just recently they mailed check to cash @ 0% through 8/2020.

Citi and Discover are always mailing checks, with varying offers from 0%, .99 % and 4.99% for 12 months. 

Amex is the only one that doesn't, unless it was on a new App.

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I got the same offer from Chase.  I guess they are pushing it.