@myjourney wrote:
@CreditScholar wrote:
@myjourney wrote:
@CreditScholar wrote:
@myjourney wrote:Not sure if it's been posted but
It's now a range 16.24-23.24
Are you sure this is the complete range? I just checked and my CSP is showing as a 15.49% APR.
Hi ya CS
For new app rates here's what's showing not current card members
16.24% to 23.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.a
Edit wait a minute yours is 15.49%?
Yup, it's 15.49%.
My UA Club is even lower at 14.49%
Now this is really interesting
My CSP was 15.99% until about 3 weeks ago when it went up with the fed hike and my Hyatt followed suit as well
Mine is the same. Maybe depends on when you got it, because I remember 15.49 at time of application, and then they must have increased the margin over prime.
@myjourney wrote:Not sure if it's been posted but
It's now a range 16.24-23.24
APR way too high for my liking... 
Never really did quite understand why posters on the forum appear to love this card so very much...even though it has a high APR (plus AF)?
@galahad15 wrote:
@myjourney wrote:Not sure if it's been posted but
It's now a range 16.24-23.24
APR way too high for my liking...
UR points are relatively valuable, exceeding 1.75 cents per point depending on how good you are at planning redemptions. The other benefits such as primary car rental insurance can also be pretty spectactular.
The point of this card is to rack up points and make Freedom points more useful. Carrying a balance would basically cancel out the value of said points. Essentially, this card isn't meant to carry a balance, so the APR shouldn't matter too much.
In any case, I wonder if this new APR range is going to allow the card to become easier to get, now that a high APR can be used by Chase to justify weaker profiles.
I doubt that there will be much or any change with the underwriting for the CSP as a result of this new APR range in terms of being easier to obtain. I suspect that the minimum CL has been the only significant difference between the underwriting for the CSP and the Freedom (which has always had an APR range). Consequently, those who can't qualify for $5000 SL will still be declined for the CSP, as well as those who Chase has identified as opening too many accounts in the past 24 months.
To me, this is merely a move to extract more interest from prospective applicants who will carry a balance and probably would've previously qualified for the card at its original rate but whose scores/credit profile are more deserving of a higher rate. A flat rate across the board leaves a lot of money on the table when individuals with 660 scores can receive the same rate as those with 800+, assuming they carry a balance of course.
@Anonymous wrote:
@myjourney wrote:
@CreditScholar wrote:
@myjourney wrote:
@CreditScholar wrote:
@myjourney wrote:Not sure if it's been posted but
It's now a range 16.24-23.24
Are you sure this is the complete range? I just checked and my CSP is showing as a 15.49% APR.
Hi ya CS
For new app rates here's what's showing not current card members
16.24% to 23.24%, based on your creditworthiness. These APRs will vary with the market based on the Prime Rate.a
Edit wait a minute yours is 15.49%?
Yup, it's 15.49%.
My UA Club is even lower at 14.49%
Now this is really interesting
My CSP was 15.99% until about 3 weeks ago when it went up with the fed hike and my Hyatt followed suit as well
Mine is the same. Maybe depends on when you got it, because I remember 15.49 at time of application, and then they must have increased the margin over prime.
LTL you may have a point here. IIRC when the card 1st came out I seem to remember that APR
@galahad15 wrote:
@myjourney wrote:Not sure if it's been posted but
It's now a range 16.24-23.24
APR way too high for my liking...
APR doesn't matter if you always PIF. If you can't PIF 100% of the time, you shouldn't have this card.
Also it has great transfer partners which can offer a very good return for your points. If you spend enough, the value you get far outweighs the small AF.