CLI or APR Reduction? What Do You Choose?

[Erusidhion]

        So for the entire last week I've always browsed all the CLI approvals on the other forum and I have always wondered why a lot of people don't go for an APR reduction? I guess maybe it's because they have good enough credit to probably hit up a bank for a PLOC. But even then; at some point wouldn't you want to try for a APR reduction? I have a lot of cards at 20+% APR and I think after I hit 5k; maybe 10k credit limits, I may focus on just getting the APR to the lowest that they'll allow. For those oh crap moments where you may not be able to get a PLOC in an emergency situation; at least you would have your 10-19% maybe lower credit card to rely on without any questions asked.

        I just thought I would bring this topic up in case someone else may want to give any feedback for others that may find this thread on a google search in the future. I always try and take a break for a few days from this forum but cannot even go half a day. The addiction is real! Thanks everyone

[mongstradamus]

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@Erusidhion wrote:

        So for the entire last week I've always browsed all the CLI approvals on the other forum and I have always wondered why a lot of people don't go for an APR reduction? I guess maybe it's because they have good enough credit to probably hit up a bank for a PLOC. But even then; at some point wouldn't you want to try for a APR reduction? I have a lot of cards at 20+% APR and I think after I hit 5k; maybe 10k credit limits, I may focus on just getting the APR to the lowest that they'll allow. For those oh crap moments where you may not be able to get a PLOC in an emergency situation; at least you would have your 10-19% maybe lower credit card to rely on without any questions asked.

        I just thought I would bring this topic up in case someone else may want to give any feedback for others that may find this thread on a google search in the future. I always try and take a break for a few days from this forum but cannot even go half a day. The addiction is real! Thanks everyone

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I would choose CLI, since i usually PIF every month so i don't get hit by any interest . 

[Involver]

Lower your APR if you revolve balances to keep your interest down.

Raise your CL if you PIF and want higher limits / lower util.

[MidnightJester]

For me its why the "or" it should be APR "and" CLI. or "both" as far as I can tell they run on different clocks with each Bank/cc. I hit them both up within a day or so or each countdown clock ticking to zero.

So far I am not into HP CLI's but it could change

[CreditDunce]

I think I have the best APR available on all credit cards except my American Express.   However, the rates are still astronomical. Or at least they will be once the 0% intro promos are over.  Carrying a balance on any of them would be foolish.

If I wanted a card to carry a balance, I would app for a low interest credit card.

[CreditUnionFan]

Most of the time I PIF...  or wait for a promotional offer.  So the go-to rate usually doesn't matter.

Although it does annoy me when i see Citi offering "up to" 22.99 APRs and I have an account over 23%. But Chase and NFCU will review periodically, so I don't have to ask for it.

[lg8302ch]

I am on the path for APR reductions as my credit limits are more than enough for my income. So my goal is getting down to best terms with all my cards... yes I know that is a mission impossible because of my Chase Freedom - card with "penalty APR" for me 

[Dw4250]

CLI for sure.

Credit cards are terrible vehicles for medium/long term debt.  So best to keep balances really low or PIF in which case APR doesn't matter that much...

[heyarrnold]

I want both

[juggalo9er]

considering i am happy with what i have, i would go for cli.....