Anyone had any luck asking for a lower Interest Rate from Capital One?

[chrisw1968uk]

If that rate was the best they could give you with a score of over 800 - I would be looking to move camp!

My Citi DC has a 12.99% after intro period - and my scores aren't as good as yours

[Gunnar419]

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@chrisw1968uk wrote:

If that rate was the best they could give you with a score of over 800 - I would be looking to move camp!

My Citi DC has a 12.99% after intro period - and my scores aren't as good as yours

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I actually like CapOne despite their stubbornness on APRs. They gave me a good CL and their cashback policies are flexible. I use my QS card for the 1.5% cashback and I never, ever, but never run a balance on it, so the crazy high APR doesn't matter. It annoys me because it's so much higher than my other APRs, but in a practical sense that APR has no effect other than to ensure that I run zero balances on that card, which is probably a good thing.

[Thomas_Thumb]

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@chrisw1968uk wrote:

If that rate was the best they could give you with a score of over 800 - I would be looking to move camp!

My Citi DC has a 12.99% after intro period - and my scores aren't as good as yours

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I can't speak for Cap One but Citi appears to have some flexibility. I have an AT&T Universal card serviced by Citi. I saw they had published rates (not promo rates) quite a bit lower than mine. I spoke with a CSR and was able to get my rate dropped 1.6% by referring to rates they had published while on the phone.

I suspect card companies drop rates to be more competitive from time to time but leave established customers at their higher APR (even if they "qualify" for the lower APR). No request no change.

[Anonymous]

Thank you all for your inputs!

In the Garden since May 2015!

[Boragard]

I just had all 3 of my capital one cards APR temporarily reduced for 7 months via chat.  I asked if the reduction can be permanent and they said no, only temporary APR reductions are allowed. 

[ForumPheen]

Recently, the thought to request a lower APR across the board on all my CCs dawned upon me, but in the end, I do not think I will go for it.  I may keep them at the APR they are as a reminder to myself of my journey and why I should not let balances report (again).  

As long as Cap One is doing something else for you, say incresing your limits automatically, the latter can be tolerated. Something must give though. 

[TiggerDat]

Never had any luck with the front line reps in lowering the APR.  I don't think I have ever tried the EO for this, but it does appear this might be the only good way to get it done.