Amex apr jumped 5 points

[Anonymous]

---

@HeavenOhio wrote:

It looks to me like the APR "jump" was half a point rather than five points. Or am I missing something?

---

I think that's the new numbers on two separate cards, not the start and end number on one card.

This is discouraging to me. I was going to request a lower APR on my BCP (24.9%), to get it down in line with my cash magnet (14.9%). Looks like that may be pretty unlikely now. Oh well.

[kdm31091]

---

@Anonymous wrote:

---

@HeavenOhio wrote:

It looks to me like the APR "jump" was half a point rather than five points. Or am I missing something?

---

I think that's the new numbers on two separate cards, not the start and end number on one card.

This is discouraging to me. I was going to request a lower APR on my BCP (24.9%), to get it down in line with my cash magnet (14.9%). Looks like that may be pretty unlikely now. Oh well.

---

Yeah, Amex doesn't seem to do permanent APR reductions much anymore if at all.

[Anonymous]

Lol my Gold card has a lower APR than my Gold Delta. (But obviously, much higher consequences for not PIF)

You could always use the “Plan It” feature to finance a single purchase if need be. Seems like a reasonable way to not be charged absorbent interest in a pinch.

[ways2go]

I only had one inquiry, the recent inquiry for the Chase. I didn't have any inquiries on my credit report.

[ways2go]

Yes I have two Amex cards. One preferred Blue Cash card and a regular Everyday card. Each card the raised the APR about 5 points on each card.

[Anonymous]

Do you actually carry a balance on either card? 

If not, this may be their way of lessening the risk that you will start, since you'll likely have a lower cost option on another card. And if you do, may as well make more off you.

I'm on 0% now, but Amex has me at 26.4% on my EveryDay once that expires, but "only" 20.49 on my Gold Pay-Over-Time

[Anonymous]

AMEX is actually pushing the Plan feature hard, since the Plan feature works out to around half your APR (my Plan fee is 1.07% on the high end with a 24.24% regular APR according to my terms), that could explain the high APRs AMEX is running with lately. 

[Anonymous]

My BCE was 21.99% when I applied in July of 17, as of today it has risen to 23.24%. I recent'y upgraded to the BCP last week, which is why I noticed the new APR. It's interesting because when I applied I was between 750-780, with almost no balances.

Today I'm about 745ish, and have almost $8K balances across the board. So I'm guessing that the $8K debt is the cause for a higher APR, it will be interesting to see if the rate goes back down when I pay it off in 10 months? lol

[CreditCuriosity]

Amex isnt to kind with their APRs even with very high scores most recently was a business card at 19.24 which includes prime, but still high considering a 800 score.  Just PIF or use intro period and dont carry a balance after intro period