American Express Promotional Interest Offer

Anonymous · ‎08-29-2016

FYI...

I hope everyone is having a good Monday. Hubby and I both received promotional interest rate offers for 6.99% on new purchases for 12 billing statements. I have a BCE and he has Clear.

NRB525 · ‎08-29-2016

Congrats! I do not expect to get this offer, because I stupidly accepted a temporary APR decrease on my Delta card from 20% to the competitive rate of 19%

You could check closely on the language of the offer. I got a similar low rate offer in Nov 2014, 12 months at a low APR, which I used. Then I got a correction notice a few months ago. They clarified that the low APR offer was intended to last until the specific charges made during the promo period were paid off, and I got a small interest credit on my AMEX statement. If similar language on this one, then a purchase gets a Forever rate, not a purchase rate that expires. New purchase after the promotion period would go to your regular rate, but possible to stretch the low rate out a bit longer if the same terms.

High Bal Jan 2009 $116k on $146k limits 80% Util.
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galahad15 · ‎08-29-2016

Congratulations!

BEFCU Platinum Plus VISA @ 5.49% F with 1% rewards, $4k

AOD FCU VS @ 7.49% F with 3% rewards, $7.5k

PACU Premier Privileges Rewards MC @ 7.50% F with 1.5% rewards, $20k

Unify FCU Fixed-Rate VISA Platinum @ 8.99% F, $25k

BoA Customized Cash Rewards WMC @ 9.99% F with 3.3%/2.2% category rewards, $50k

Unify FCU Variable-Rate VISA Platinum @ 10.24% V, $15k

EPFCU Smart Rewards MC @ 10.75% V with 1% rewards, $6.5k

FNBO BucksBack VS @ 11.5% V with 1.5% rewards, $85k

Andrews FCU Titanium Rewards VS @ 12.99% V with 3%/1.5% rewards, $5k

Cap1 Venture MC @ 15.15% V with no AF, 2% rewards, $9k

BoA Travel Rewards VS @ 15.24% V, $17.6k

FNBO BucksBack VS @ 16.25% V with 2% rewards, $23.5k

BoA Customized Cash Rewards WMC @ 17.24% V with 3%/2% category rewards, $14.3k

Redstone FCU VS @ 17.25% V with 5%/3%/1.5% rewards, $10k

AAA Daily Advantage VS @ 18.74% V with 5%/3% category rewards, $10k

PenFed Pathfinder Rewards VS @ 18.99% V with no AF, 4x/1.5x rewards points/dollar, $12.5k

BoA Customized Cash Rewards WMC @ 19.24% V with 3%/2% category rewards, $20.4k

Citi Custom Cash WEMC @ 19.24% V with 5% category rewards, $39.32k

Amazon Prime VS @ 19.49% V with 5% category rewards, $35k

PayPal CashBack MC @ 19.74% V with 3% on all PayPal purchases/2% on all other purchases, $25k

US Bank Cash+(x2) @ 20.24% V with 5% category rewards, $32k

Wells Fargo Autograph VISA @ 20.49% V with 3% category rewards, $12.5k

Citi Custom Cash WEMC @ 22.24% V with 5% category rewards, $5k

Amex BCE @ 23.49% V with 3% category rewards, $3k

WF Bilt WEMC @ 24.49% V with 3% dining rewards, $30k

Anonymous · ‎08-29-2016

@galahad15 wrote:
Congratulations!

Thanks galahad15!

Anonymous · ‎08-29-2016

@NRB525 wrote:
Congrats! I do not expect to get this offer, because I stupidly accepted a temporary APR decrease on my Delta card from 20% to the competitive rate of 19%

You could check closely on the language of the offer. I got a similar low rate offer in Nov 2014, 12 months at a low APR, which I used. Then I got a correction notice a few months ago. They clarified that the low APR offer was intended to last until the specific charges made during the promo period were paid off, and I got a small interest credit on my AMEX statement. If similar language on this one, then a purchase gets a Forever rate, not a purchase rate that expires. New purchase after the promotion period would go to your regular rate, but possible to stretch the low rate out a bit longer if the same terms.

Okay. Thanks for the heads up NRB.

Credit_hawk · ‎08-29-2016

@beautifulblaquepearl wrote:
FYI...
I hope everyone is having a good Monday. Hubby and I both received promotional interest rate offers for 6.99% on new purchases for 12 billing statements. I have a BCE and he has Clear.

Very cool! How long have you guys hard your cards for?

FICO- Experian: 797, TransUnion: 781, Equifax: 804 (Updated Monthly)

wmweeza · ‎08-29-2016

I got the same offer, but I never carry a balance so I'm not so sure it would be of use to me. In a year when we buy our second home? Absolutely, but not right now.

FYI I've had my card since October of 2014

Last App 10/14. FICO's: AMEX Ex 846, BarclayTU08 815.FAKOs:CreditKarma 775,CS score 771.BofA 5400,Target $5000,Barnes $8500,Amex $22k

Anonymous · ‎08-29-2016

Wow...that's nice!!