Re: Cancel freedom and apply again for better APR ... - Page 3 - myFICO® Forums

Anonymous · ‎02-10-2015

I'm not planning on buying a tv tommorow but I feel like it's time to graduate to lower apr's since all my recent apps have offered me 15 to 19% apr of course my oldest cards will have the highest apr's

Citi Double Cash 1k, CSP 5k , Chase United 5k , BOFA Cash 4.5k , Discover it 1k , Chase Slate 2k , Chase Freedom 1k , Hilton Amex 3k , U.S. Airways 7.5k
Gardening from now on last app 2/10/2015

Anonymous · ‎02-10-2015

I'd love to know how these CC thinks. When applied for the Venture card during the Capital One Sale last week, they gave me a ridiculous APR of 20.9% which I think is really high as others got better terms. I won't complain as I have a nice limit and won't be carrying a balance.

NRB525 · ‎02-10-2015

@Anonymous wrote:
i would loose 2 yr history. With it , or should I just call chase and ask for a lower apr ?!

There's not a whole lot of background to work with here.

What are your FICO scores? Have they increased a lot since you opened the Freedom card? That would seem to be a requirement to ask for or expect an improved APR.

What other cards do you have? What APR have you been getting with recent apps?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

lg8302ch · ‎02-10-2015

@Anonymous wrote:
I'd love to know how these CC thinks. When applied for the Venture card during the Capital One Sale last week, they gave me a ridiculous APR of 20.9% which I think is really high as others got better terms. I won't complain as I have a nice limit and won't be carrying a balance.

especially the same lender but with a different card .. Barclays 10,99% on 1 card and 19,99% on another, Chase 15.xx% on 2 cards and 22,99% on another..... it makes me feel I am a different person. ....but the weirdest is Chase's monthly 0% BT offers on Freedom ???

wacdenney · ‎02-11-2015

The APR on a Freedom card is irrelevant. Freedom is NOT a card designed for carrying a balance. Freedom is a rewards card. If you need to carry a balance, there's nothing wrong with that but Freedom isn't the card to carry it on. If you don't have any cards with an active intro 0% APR then you should look into a Credit Union card that would be much better suited for carrying balances. The APR on my GA's Own card is 9% and the APR on my DCU card isn't much higher. DCU gives me 0% BT offers all the time. Ring may also be an option.

If you need to carry a balance, carry it on a card that's designed for carrying a balance. Freedom is the wrong card.

Anonymous · ‎02-11-2015

@wacdenney wrote:
The APR on a Freedom card is irrelevant. Freedom is NOT a card designed for carrying a balance. Freedom is a rewards card. If you need to carry a balance, there's nothing wrong with that but Freedom isn't the card to carry it on. If you don't have any cards with an active intro 0% APR then you should look into a Credit Union card that would be much better suited for carrying balances. The APR on my GA's Own card is 9% and the APR on my DCU card isn't much higher. DCU gives me 0% BT offers all the time. Ring may also be an option.

If you need to carry a balance, carry it on a card that's designed for carrying a balance. Freedom is the wrong card.

I am considering this possibility but down the line if I check preapprovals and see 13.99%, I'm jumping on it.

kdm31091 · ‎02-11-2015

I feel like Chase is kind of stingy with APRs -- most Freedoms or other Chase cards I've seen outside of the travel ones with fixed APRs, always seem to have the 18.99% or 22.99%. I've only heard of a small handful of 13.99% Freedoms, leading me to believe your credit has to be basically outstanding to achieve that.

Anonymous · ‎02-11-2015

@kdm31091 wrote:
I feel like Chase is kind of stingy with APRs -- most Freedoms or other Chase cards I've seen outside of the travel ones with fixed APRs, always seem to have the 18.99% or 22.99%. I've only heard of a small handful of 13.99% Freedoms, leading me to believe your credit has to be basically outstanding to achieve that.

Then it shall be!

Just in time for me to score a new bonus out of it!

MyDataMyChoice · ‎02-11-2015

Call EO and ask for Lower interest Rate

All Negatives History Removed as of October 2025 - Only BK CH7 Showing as Public Record

Lines of Credit:
Personal Loan:

Total Reported Revolving CL: $162,450 + 26K PLOC = $188,450