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Barclays Wont Lower Interest Rate

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Barclays Wont Lower Interest Rate

I have a Barclays Apple Rewards, Have had it for about 3 years. They wont lower my interest rate, told me in two phone calls that the bank will not let them do any negotiations. One supervisor even told me to mail or fax the Office of the President of the bank... Anyone else experience this before? any luck or feedback? Should I keep calling them? Send a letter?

 

Thanks!

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Super Contributor

Re: Barclays Wont Lower Interest Rate

I believe it was reported on a thread or two here that Barclays no longer does APR reductions upon request. Calling the Office of the President is IMO unlikely to help if the bank's new policy is just not to do APR reductions.

Message 2 of 5
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Moderator

Re: Barclays Wont Lower Interest Rate


@trg90 wrote:

I have a Barclays Apple Rewards, Have had it for about 3 years. They wont lower my interest rate, told me in two phone calls that the bank will not let them do any negotiations. One supervisor even told me to mail or fax the Office of the President of the bank... Anyone else experience this before? any luck or feedback? Should I keep calling them? Send a letter?

 

Thanks!


I would not expect anything out of Barclays with a crash out Brexit approaching, highly doubtful the CEO will allow the reduction. You are not the only one to report that they wont lower APRs. I would wait till after the first of the year to ask again. Welcome to myFico Smiley Happy

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Established Contributor

Re: Barclays Wont Lower Interest Rate

First off...you get nothing with the Apple card besides a small CLI if you basically beg you need to buy 4 new laptops etc etc.

I did a product change to a Rewards card but to be honest their cards suck.

I then had to qualify for a Jetblue card and had them close my rewards card and transfer the CL to my JB card.

I have run 40k+ thru the JB card in 8 months and they won't lower my apr 25.99. 

If not for the 200k in JB miles and Mosiac I am upon I would cancel Barclays faster than you can sneeze.

Worst bank card I have...

Discharged BK7 - 7.16.15
Current Fico8 - (11.28.19) EX - 660/EQ - 669/TU - 671
Total CL - $229,000.
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Regular Contributor

Re: Barclays Wont Lower Interest Rate

I was able to have an APR reduction a couple of years ago on one of my Barclay cards, however, when I contacted them for an APR reduction a couple of months ago on my AAdvantage Aviator card, I was told no without looking at my account.  It seems as though Barclays is not allowing APR reductions.  

FICO 8 EX 764 TU 784 EQ 787
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Barclay - AAdvantage Aviator
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Chase - FU, CSP
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