Amex APR reductions are alive again...

[j615]

Just did a chat session. Super easy. 17.99% to 14.99%

[Anonymous]

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@Anonymous wrote:

No go for me.......

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What's your current APR?  Maybe it's already at the lowest possible?

Does anyone know the lowest APR possible on an Amex revolver?

[kdm31091]

A few years ago when they did permanent APR reductions they were dropping a lot of APRs well below published rates. It could be now that they're brought this back (for some people), they're being more cautious and they're not going to lower it below the rate range for the product you have.

[Anonymous]

I was able to get permanent reductions last month for my 3 revolvers. Glad to see others having the same success.

[KJinNC]

Will it definitely not happen for a newly opened card (opened two weeks ago - no statement yet)? Is it worth trying? Thanks!

[CreditCuriosity]

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@KJinNC wrote:

Will it definitely not happen for a newly opened card (opened two weeks ago - no statement yet)? Is it worth trying? Thanks!

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IMO it is a long shot, but can always try..  Usually it is based on relationship with them, obviously credit profile and putting money through their cards among other things.  I would give it 3 months, but I suppose a squeaky wheel can get grease as well?

[M_Smart007]

While on The phone with Amex for another small Issue, I got My Hilton Card APR reduced by 3%.

I never carry any balances, so it's kind of a self Grats thing.

I did ask for a rate reduction on My Gold charge card (I do not use POT) ,   ...I Got a good laugh on that.

Rep Thanked me for over 35 years with them. I thanked Him, for treating people as being Human.

[Anonymous]

Good to know, though I'll have to wait a couple cycles to let my score rebound from inq and new account. So i hope they're still being generous then.

I'm curious though, could this all be due to the fed lowering rates recently? 

[CreditCuriosity]

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@Anonymous wrote:

Good to know, though I'll have to wait a couple cycles to let my score rebound from inq and new account. So i hope they're still being generous then.

I'm curious though, could this all be due to the fed lowering rates recently? 

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no as rate reduction was only a quarter point..  It will most likely be another .5 to 1 point in the next year, but time will tell, but no correlation persay

[AverageJoesCredit]

Grats @CreditCuriosity on your reductions. Of all creditors, getting apr redux from Amex is least pressing as i want to pif with them so meh but who knows maybe ill try one day.