Amex --Auto-- APR Reduction

Man-Of-Steel · ‎06-04-2017

I received an email from American Express last week regarding my Blue Cash Everyday card, with the following subject line:

Good news: Your Purchase APR has been reduced to 13.99%

The APR for this card was previously 18.74%. When the account was opened in 2013, the APR was 17.99%.

I rarely ask for APR reductions since I'm a PIF guy, and I had no intentions of asking for one on this account. However, I was pleasantly surprised to receive this email from Amex. I haven't heard much at all about auto APR reductions, so I figured I would post this in case someone might find this of interest. I should also mention that I've never carried a balance on this account.

sunkissed · ‎06-04-2017

You're right, we don't hear about auto-APR reductions much. Cool beans! Congrats to you!

simplynoir · ‎06-04-2017

Yep, color me surpised here on that auto-APR reduction. There are people who repeatedly call in and never get one. So congrats there!

MrDisco99 · ‎06-04-2017

I'm guessing you took pretty good care of your account. Did you use it heavily? PIF every time?

This would be a nice surprise if I still have mine in 4 years.

Amex Hilton Surpass $20,000 prime+17.49%

Amex Blue Business Plus $30,000 prime+12.99%

Amex Blue Business Cash $10,000 prime+17.99%

BofA Customized Cash VSig $20,000 prime+12.99%

BofA Unlimited Cash VSig $20,000 prime+12.99%

Barclays Wyndham Earner VSig $22,800 prime+11.99%

Cap1 Quicksilver WEMC $10,000 prime+14.74%

Chase Freedom Flex WEMC $10,000 prime+17.49%

Chase Freedom Unlimited VSig $10,000 prime+17.74%

Chase Sapphire Reserve VInf $10,000 prime+12.74%

Chase Amazon Prime VSig $10,000 prime+17.74%

Chase Ink Unlimited VSig $6,000 prime+9.99%

Citi DoubleCash WEMC $10,000 prime+16.24%

Citi Custom Cash WEMC $11,200 prime+12.74%

GoldmanSachs Apple MC $2,700 prime+12.74%

Renasant (Elan) Max Cash Preferred VSig $25,000 prime+11.24%

Renasant (Elan) Everyday Rewards+ VSig $4,000 prime+11.24%

Synchrony Verizon VSig $15,000 prime+18.49%

Man-Of-Steel · ‎06-04-2017

@MrDisco99 wrote:
I'm guessing you took pretty good care of your account. Did you use it heavily? PIF every time?

This would be a nice surprise if I still have mine in 4 years.

This card has received very light usage in the past couple of years. That was mainly due to the rewards being outclassed by many of my other cards such as the Sallie Mae MC. Now that the Sallie Mae/Commence card is closed, the Amex BCE is seeing a bit more usage now. I've never carried a balance on this card.

AverageJoesCredit · ‎06-04-2017

Sweet deal

Gidgetmom · ‎06-04-2017

Thank you sharing and congrats! Good information.

Man-Of-Steel · ‎06-04-2017

Thanks everyone!

Anonymous · ‎06-04-2017

Wow! That's AWESOME! I haven't heard of that before either.

kevinjjc · ‎06-05-2017

Nice! Thanks for sharing. Definitely good to know.