Apple Card lowered APR post statement generation this month

[8bitmachinegun]

Mine went from 24.99% to 21.99%. Yawn. As someone said, still highway robbery.

[magixnite]

yup, mine is also 10.99% just checked.

[Anonymous]

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@CreditCuriosity wrote:

They didnt lower it persay.. was from the .5 fed rate cut then the next 1 percent cut causing the 1.5 reduction you saw.

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Right, and as mentioned in other threads, each issuer has a schedule for how prime rate adjustments are applied.   Chase for example looks at the prime rate towards the end of the month, so if your statement cuts just before you will wait a month, if it cuts soon after you will think "Chase is SO quick!"

And, BTW, it's "per se"!

[Anonymous]

Just noticed my APR was lowered from 12.49% to 10.99%, too.  However, none of my other cards have decreased yet. 

[M_Smart007]

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@Anonymous wrote:

Mine went down to 21.99 from 23.49. Still highway robbery. 

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Not compared to Sink'chrony

[8bitmachinegun]

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@magixnite wrote:

yup, mine is also 10.99% just checked.

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@magixnite According to your sig, our credit scores are nearly identical. Any theories why your interest rate is so much lower than my 21.99%?

[Anonymous]

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@M_Smart007 wrote:

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@Anonymous wrote:

Mine went down to 21.99 from 23.49. Still highway robbery. 

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Not compared to Sink'chrony

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Meh. PayPal Cashback is still lower and they haven't done their rate reduction yet.