Last month they kept sending me letters urging me to use my card again and a convenience check for balance transfers. Yesterday they sent me a letter saying they are raising my APR to 22.68% because of my Experian report: (700 score, serious delinquency, inquiries, and balance of loans compared to original amounts). Seeing how I just consolidated student loans a few months ago, I can see the last one. The delinquencies have been there for 4 years now so I don't see what spooked them all of a sudden.
In the past I probably would've cancelled it for feeling insulted, but due to maturing and knowledge I've gained at places like this I really don't care. I never carry balances so the APR doesn't concern me and I'm certainly not going to kill an old TL for no reason. Just struck me as kind of odd that they decide to do this now, when frankly my overall finances have improved dramatically over the past 2 years. Whatever.
lol, banks are odd! It's probably because their computer algorithm got spooked by your consolidated student loan.
My CK score went up 14 points today so, I still don't know what spooked them. That cards only saving grace is no annual fee and the fact I've had it for a while. Remains relegated to Netflix duty.
@navyox wrote:Last month they kept sending me letters urging me to use my card again and a convenience check for balance transfers. Yesterday they sent me a letter saying they are raising my APR to 22.68% because of my Experian report: (700 score, serious delinquency, inquiries, and balance of loans compared to original amounts). Seeing how I just consolidated student loans a few months ago, I can see the last one. The delinquencies have been there for 4 years now so I don't see what spooked them all of a sudden.
In the past I probably would've cancelled it for feeling insulted, but due to maturing and knowledge I've gained at places like this I really don't care. I never carry balances so the APR doesn't concern me and I'm certainly not going to kill an old TL for no reason. Just struck me as kind of odd that they decide to do this now, when frankly my overall finances have improved dramatically over the past 2 years. Whatever.
Sorry about the APR increase, Navyox. You're right, it's not ideal, but thankfully won't affect you if you keep PIF. WTG on handling it so maturely 
The good news: Looks like you've earned yourself a gardening silver spade.. Congrats!
(Now I feel like an insurance commercial lol)
